Looking for Tenders

Article

Feds set to unveil details of $2.1 billion fund for trade, transport projects

0 99 Government

by The Canadian Press

OTTAWA — The federal government is set to unveil details about just over $2 billion in infrastructure spending targeting the country's ports, airports and border crossings.
Feds set to unveil details of $2.1 billion fund for trade, transport projects

Transport Minister Marc Garneau is slated to make the announcement this morning in Ottawa where he will detail how $2.1 billion set aside in this year's budget will be spent.

The money is expected to target trade corridors that are operating at capacity and in need of expansion to keep goods moving around the country and across the border.

The cash is part of $10.1 billion the federal government plans to spend over the next 11 years on trade and transportation corridor projects.

About half of the money, $5 billion, will flow to projects through the soon-to-be-created infrastructure bank.

The bank will use federal cash to try and leverage private investment to help pay for projects that can generate revenue and provide a profit to private investors.

Leave a comment

Or register to be able to comment.

Copyright ConstructConnect TM. All rights reserved. "ConstructConnect" is a dba for CMD Holdings.
The following rules apply to the use of this site:
Terms of Use and Privacy Statement