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Prime Minister Mark Carney\u2019s first budget\u00a0didn\u2019t\u00a0contain\u00a0many surprises in the realm of infrastructure spending and the five nation-building projects he unveiled previously, but the document does\u00a0contain some more details on what could follow these ambitious projects.<\/span><\/p>\n It also outlines some criteria for the Major Projects Office\u00a0and\u00a0what kinds of projects may make the cut in the future.<\/span><\/p>\n Here are some\u00a0infrastructure\u00a0highlights from Canada Strong: Budget 2025.<\/span><\/p>\n \u00a0<\/span><\/p>\n To be in Canada\u2019s national interest, several criteria will be considered:<\/span><\/p>\n Budget 2025 proposes to provide $213.8 million over five years, starting in 2025-26, for the\u00a0MPO. Funding will also support the Indigenous Advisory Council. Of this amount, $19.8 million will be sourced from existing departmental resources.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n In order to\u00a0be \u201ctruly transformative\u201d the document mentions several strategies focused on bolstering the Canadian economy\u00a0through building.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n This is a fund of\u00a0$5 billion\u00a0over seven years, starting in 2025-26, to strengthen supply chains, unlock new export opportunities by investing in new port,\u00a0airport\u00a0and railway infrastructure. For example, the government will consider investments in key projects in the Great Lakes-St. Lawrence Region, at ports in northeastern Qu\u00e9bec like enhancing the Port of Saguenay\u2019s capacity to build a second wharf, rail lines in Alberta,\u00a0port\u00a0and rail infrastructure on the West Coast and more.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Budget 2025 proposes to provide\u00a0$1 billion\u00a0over four years, starting in 2025-26, to Transport Canada to create the\u00a0Arctic Infrastructure Fund,\u00a0which will invest in major transportation projects in the North with dual-use applications for civilian and military use, including airports, seaports, all-season\u00a0roads\u00a0and highways.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n The government announced its intention to amend the Canada Infrastructure Bank (CIB) Act and\u00a0\u201cincrease the Canada Infrastructure Bank\u2019s statutory capital envelope from\u00a0$35 billion\u00a0to\u00a0$45 billion\u00a0and to enable the Canada Infrastructure Bank to make investments in any nation-building projects that have been referred to the Major Projects Office.\u201d\u00a0<\/span>\u00a0<\/span><\/p>\n Budget 2025\u00a0also\u00a0announces the government\u2019s intention for the Canada Indigenous Loan Guarantee Corporation to work with Indigenous investors on greenfield (new build) projects.<\/span>\u00a0<\/span><\/p>\n Carney also announced Budget 2025 invests more than $50 billion in new roads, transit, hospitals, colleges and universities.<\/p>\n<\/p><\/div>\n [ad_2] [ad_1] Prime Minister Mark Carney\u2019s first budget\u00a0didn\u2019t\u00a0contain\u00a0many surprises in the realm of infrastructure spending and the five nation-building projects he … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1037],"tags":[357,295],"class_list":["post-33089","post","type-post","status-publish","format-standard","hentry","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=33089"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33089\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=33089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=33089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=33089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Major Projects Office\u00a0(MPO)<\/span><\/b>\u00a0<\/span><\/h3>\n
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What\u2019s\u00a0next?\u00a0<\/span><\/b>\u00a0<\/span><\/h3>\n
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Trade Diversification Corridors Fund<\/span><\/b>\u00a0<\/span><\/h3>\n
Arctic Infrastructure Fund<\/span><\/b>\u00a0<\/span><\/h3>\n
Canada Infrastructure Bank\u00a0changes\u00a0\u00a0<\/span><\/b>\u00a0<\/span><\/h3>\n
General infrastructure projects<\/h3>\n
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This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"