News & Events
Ontario Construction Sector Cautiously Supportive of Ontario Budget
May 9, 2013
The Ontario government’s plan to make a significant investment toward public infrastructure has left industry leaders cautiously positive, reports Andre Widjaja of the Daily Commercial News
“There’s a lot of intention expressed here, but the devil is in the details and we’re waiting for the details,” said the Ontario General Contractors Association’s (OGCA) director of government relations, David Frame.
Infrastructure spending is one of the cornerstones of the 2013 Ontario budget, which was tabled by finance minister Charles Sousa at Queen’s Park last week.
The government is planning to set aside $35 billion over the next three years for “critical areas” including transit, roads and highways and various municipal project such as hospitals and education buildings. Almost $13.5 billion will be spent in 2013-2014 to address the province’s infrastructure deficit.
The budget has received some mixed reactions from the industry due to the lack of detail on how the money will be spent and how to assure that projects will be delivered. But, it’s widely-agreed that $13.5 billion toward infrastructure is a step in the right direction.
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