Surety Association of Canada Lauds Budget Infrastructure Investments

Denise Gillin Uncategorized

The 2019 federal and provincial budgets will assist in stabilizing the construction and surety markets, says to the Surety Association of Canada. One of the provincial budget highlights, according to the association, included Ontario’s Capital Plan Outlook for planned investments in 2019‐20 totaling $14.7 billion and reflects the government’s commitment to invest about $144 billion over the next 10 years.

It was announced that beginning in 2019-20, the government’s plan reflects more sustainable levels of infrastructure investment and a more realistic forecast of construction timelines for major projects planned or underway, in keeping with actual expenditure patterns, the release indicates.

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