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Ottawa should tap third-party sources for infrastructure funding: report

Posted on March 29, 2017
Ottawa should encourage widespread investment in existing and new infrastructure by institutional investors, such as pension plans and insurers, according to a new report from the C.D. Howe Institute. In “New and Improved: How to Bring Institutional Investment into Public Infrastructure,” author Benjamin Dachis provides Ottawa’s new infrastructure bank with a blueprint for opening up investment opportunities to some of Canada’s largest investment funds. “Canadian governments are on the verge of the largest infrastructure spending increases [...]

Ambrose critical of federal budget

Posted on March 27, 2017
The Conservative Party is speaking very critically of last week’s budget introduced by the federal Liberal government. Speaking at the Toronto Region Board of Trade, Interim Leader Rona Ambrose was quick to criticize the ‘nickel and dime-ing’ of taxpayers she feels is very evident in this year’s budget, as well as the troubling track record being built on infrastructure. “What the Liberals did is they announced a lot of money that they were going to spend on infrastructure, and then they spent it on other things,” Ambrose said. “Now they [...]

Canada approved for Asian Infrastructure Investment Bank

Posted on March 24, 2017
Canada has been named as one of 13 applicants approved for inclusion in the Asian Infrastructure Investment Bank. Its approval marks the first North American country to become part of the Bank. According to an article from the Toronto Star, the China-led bank will provide infrastructure capital for major projects in countries throughout the continent. The federal government has been supportive of the bank since its creation in 2015, believing that it will open new global opportunities for Canadian companies. The addition of 13 new applicants brings [...]

Pomerleau unveils its new vision, values

Posted on March 23, 2017
After a coast-to-coast expansion and the celebration of its 50th anniversary, both in 2016, Pomerleau decided to revisit its corporate vision and values. “It was a perfect moment to reflect on our evolution and our future goals—and the ideal time for us to rethink a vision and values that are in line with our ambitions,” said president and CEO Pierre Pomerleau. “These are values that will grow with us—and that will make us grow. They will guide our behaviour and our decisions from now on,” he explained. Internal focus groups with employees [...]

Wager joins exp as CSO

Posted on March 20, 2017
Exp has announced that Todd K. Wager has joined the company in the position of chief strategy officer. In this newly created role, Wager is responsible for leading the company’s overall corporate strategy, including long-term strategic planning, business development, marketing, joint ventures, and industry partnerships. Working alongside the executive leadership team, he will partner with key stakeholders to develop and prioritize strategies and help determine the appropriate resources needed to effectively position exp in the marketplace. Exp chairman [...]

BuildForce Canada launches improving productivity campaign

Posted on March 10, 2017
From company owners and contractors to workers, all sectors and all members of Canada's construction and maintenance industry are being urged to join a national effort to change the way they plan, work and build. The industry-led initiative aimed at boosting productivity, was launched today by BuildForce Canada. "A changing global economy, rapidly aging workforce and slower growth, are forcing our industry to take a hard look at every stage of construction in order to stay competitive and attract new investment," said Rosemary Sparks, executive director [...]

VIA pitches high-frequency rail project

Posted on March 6, 2017
As the Government of Canada looks for ways to transition to a low-carbon economy, executives at VIA Rail are doing their part to provide a transportation solution that will remove millions of carbon dioxide production each year. Speaking at the Global Infrastructure Leadership Forum in Montréal, VIA Rail President and CEO Yves Desjardins-Siciliano discussed a proposed new high-frequency rail project, running additional service through Toronto, Ottawa, Montréal, and Quebec City. The project is an initiative put forward by the VIA Rail management team [...]

Infrastructure spending not growing Canada's economy?

Posted on March 6, 2017
Only 11 cents of every dollar in new federal government infrastructure spending will be spent on highways, bridges, railways and ports— projects that can actually help improve Canada’s economy, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. This finding corroborates a Senate committee report from earlier this week that encouraged Ottawa to make transportation and trade infrastructure a priority. “The federal government has pinned its economic hopes on a major infrastructure spending plan [...]

User pay models for new federal infrastructure?

Posted on March 1, 2017
Federal Minister of Transport Marc Garneau was greeted by a difficult question at the 10th Global Infrastructure Leadership Forum in Montreal: should bridges in Montréal charge tolls? It was a subject that Garneau clearly was not expecting to discuss at the Forum, following formal remarks that focused on increased investments, making trade corridors more robust, and the opportunities coming as a result of the Canadian Infrastructure Bank. Garneau opened by discussing the importance of federally-supported projects like the $4.2 billion Champlain Bridge [...]

Leech named Special Advisor for Canada Infrastructure Bank

Posted on February 10, 2017
Prime Minister Justin Trudeau has announced that Jim Leech will be serving as Special Advisor on the Canada Infrastructure Bank. “Mr. Leech brings with him immense knowledge and experience, and I am confident that he will help ensure a smooth and successful launch of the Canada Infrastructure Bank,” said Prime Minister Trudeau. “This is about making sure our public dollars go farther and are used smarter, as we make historic investments in infrastructure to create middle class jobs today and sustained economic growth for years to come.” Mr [...]
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