canada, news

$7.2 billion still to be allocated for Canadian infrastructure spending

By OMX | April 2, 2018

The Office of the Parliamentary Budget Officer just released the "Status Report on Phase 1 of the New Infrastructure Plan (NIP)." 

Of the total $14.4 billion budget for NIP Phase 1, only half has been allocated. Here's what you have to know about the $7.2 billion that has yet to be attributed.

Since Phase 1 commenced in 2016, the $7.2 billion that has been allocated has gone to 10,052 projects across 32 departments, agencies, and Crown corporations.

The complete New Infrastructure Plan will invest $180+ billion into Canada over 12 years.

The "Status Report on Phase 1" notes that the current slippage in spending is likely to impact the budget balance sheet by reducing planned deficits in one year at the cost of greater spending in future years - OMX will be there to provide you with the relevant information and opportunities as they come.

Infrastructure spending in the NIP is divided into five categories: public transit, green, social, trade and transportation, and rural and northern communities.

 

New Infrastructure Plan categories

 

 

OMX

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