A recent article in the Victoria times shows that people are considering infrastructure investments as a viable option for stimulating the residing economy. The article points to the Conservative’s “Building Canada Plan”, which touts $33 billion in infrastructure spending throughout the next seven years.
Yet some people don’t think it’s enough. According to the article:
Perrault’s federation estimates that cities would need at least $123 billion to bring essential public infrastructure up to acceptable levels and an additional $115 billion to build infrastructure to meet the needs of a growing population.
Within that $123 billion, the federation estimates that $31 billion would be needed for water and waste water systems, $21.7 billion for roads, sidewalks and bridges, $22.8 billion for public transit, $7.7 billion for waste management and $40.2 billion for community, recreational, cultural and social infrastructure.
And it’s not just here in Canada. According to the ASCE website, it estimates that $1.6 trillion is needed to bring US infrastructure up to par.
