Investing Strategically in Infrastructure
Development and Innovation Infrastructure investments are essential to connecting our communities and strengthening our economy.
Infrastructure is an investment in our social, economic, and environmental quality of life. Collectively, our infrastructure is what connects and enhances our communities, enables commerce and trade, and protects our environment. With competing demands for investment, priority should be given to core infrastructure that grows the economy, creates jobs, and expands the tax base. Growing the economy will be essential in making further investments in community and social infrastructure viable and sustainable in the future.
With competing demands for investment, priority should be given to core infrastructure that grows the economy, creates jobs, and expands the tax base.
Infrastructure projects don't exist in isolation of one another and infrastructure is only as effective as the weakest link. Therefore, to receive the best ROI, a coordinated and strategic approach should be taken towards infrastructure planning and investment. A successful infrastructure strategy has clear priorities, concrete objectives, and specific performance measures that also consider municipal, provincial, and territorial priorities.
Therefore, in cases where municipalities have robust and well-considered asset management plans, funding can be allocated based on their investment program rather than on a project-by-project basis. This approach would allow multiple strategically-related projects to be efficiently approved under a single application. It would also serve as an incentive for municipalities to develop and adopt asset management plans to guide strategic investment decisions.
With respect to nation-building economic infrastructure, a network of pre-established, pre-approved rights-of-way across Canada for infrastructure assets such as roads, rail, pipelines, electrical transmission, and communications would make it more economical to connect communities and resources to markets across Canada. A national corridor would proactively address social and environmental concerns, making the planning, development, and implementation of both public and private infrastructure projects a less costly and more time-effective process.
The goal is to align the interests of the federal government with those of the provinces and the First Nations people in order to bring benefits and opportunities to all Canadians. For more information on investing in infrastructure the right way, visit Invest Infrastructure.