Infrastructure Update 2018

The challenge

<p>In 2011, the Residence and Civil Construction Alliance of Ontario (RCCAO) released <a href="https://www.cancea.ca/cancea/reports/28/public-infrastructure-investment-ontario-importance-staying-course">&#8220;Public Infrastructure Investment in Ontario: The Importance of Staying the Course"</a>. From a macroeconomic perspective, the report concluded that over the course of 50 years, maximum GDP growth could be achieved if an average of 5.1% of GDP were invested in required infrastructure and 22% of the total infrastructure investment were to be spent on maintenance. The report also assessed Ontario&#8217;s just released 10-year &#8220;Building Together&#8221; infrastructure plan (Ontario Ministry of Infrastructure, 2011) and found that the investment trend would move from 3.0% to 3.5% GDP based on the commitments in this plan.</p> <p>Given all the promises and the crucial nature of timely public infrastructure investment to the prosperity of a region, an updated analysis was commissioned by RCCAO to determine what progress has, or has not, been made towards infrastructure investment which would maximize Ontario&#8217;s prosperity.</p> <p>The analysis conducted in this report supports the following conclusions: predictable, long-term infrastructure investments in Ontario are required for the province to reach its full economic potential; and long-term sustainability of infrastructure investment requires a more balanced approach between the federal, provincial and municipal governments.</p> <p>To view the report, please visit <a href="http://www.rccao.com/research/infrastructureModelling.asp">the RCCAO's Infrastructure Modelling reports webpage</a>.</p>

Key results