Report points to a $19 billion infrastructure gap which must be addressed through new accountabilities in Ontario’s Long-Term Infrastructure Plan
Today, the Oakville Chamber of Commerce, in partnership with the Ontario Chamber of Commerce, released Building Better: Setting the 2017 Ontario Infrastructure Plan Up For Success, a report calling on the Ontario Government to implement key recommendations in its imminent Long-Term Infrastructure Plan (LTIP) that will help ensure accountable planning and building resilient, adaptable infrastructure for the future.
With relatively stagnant infrastructure investment since the 1970s, the province of Ontario currently faces a significant infrastructure gap, where it would need an estimated $19 billion to improve current infrastructure alone. The gap exists because governments have not invested in upholding original infrastructure and Ontario’s harsher climate has contributed to the deterioration of the province’s infrastructure.
“Here in Oakville, and across Ontario, there is a need for significant infrastructure spending to fill the current gap – to ensure Oakville is equipped for the future; a future that has very different infrastructure needs from the past,” said John Sawyer, President of the Oakville Chamber of Commerce. “To succeed in our constantly evolving economy, we must ensure that infrastructure dollars are spent on innovative and forward-looking projects that will grow our province’s capacity to do business and grow our economy.”
The Government’s LTIP is expected to be released this fall with stakeholders greatly anticipating its release. Ontario’s Chamber Network is contributing to the development of the LTIP by recommending that:
- While the Government has made significant infrastructure investments, it should bring fresh accountability methods around how infrastructure dollars are spent to ensure spending and planning are transparent;
- Governments of all levels should confront challenges of the 21st century by ensuring planning considers how we can build infrastructure that is resilient and adaptable and deals with variables such as climate change; and that,
- The Long-Term Infrastructure Plan must be strategic, robust, and based on long-term thinking.
“We commend the Government of Ontario for their impressive allotment of infrastructure funds; this investment in our province’s infrastructure has the potential to yield tremendous benefits for all Ontarians,” said Richard Koroscil, Interim President & CEO, Ontario Chamber of Commerce. “To ensure the Ontario government’s investments do not suffer the same fate as those of federal government, where significant funds have been committed but few projects identified, we hope the Government of Ontario will implement our recommendations, to better strengthen the province’s Long-Term Infrastructure Plan.”
“We have heard from our members about the need to invest in crucial transporation infrastructure in Oakville. In fact, the top three infrastructure priorities identified by our members in our 2016 Advocacy Survey were local roads and bridges, public parking, and transit” added Faye Lyons, Vice President of Government Relations & Advocacy, Oakville Chamber of Commerce. “This is why we are recommending the Provincial Government to adopt an outcomes-based approach to infrastructure funding with project prioritization based on clear, transparent criteria such as resulting in economic growth, efficiency, sustainability, and community benefits.”
Research shows that investment in infrastructure, such as roads, transportation, communication, utilities and more, have resulted in lowered business costs and increased labour productivity. It is estimated that for every $1 billion in infrastructure spending 16,700 jobs are supported for one year and the GDP sees a $1.14 billion increase.