Minister Morneau Talks Collaboration and Partnerships With Municipal Leaders

November 22, 2016 – Ottawa, Ontario – Department of Finance Canada

Investing in infrastructure is key to strengthening the middle class and ensuring that Canadians have great communities to live in, clean water to drink and clean air to breathe. With its Fall Economic Statement, the Government of Canada took significant steps in its plan to make smart and necessary investments to position Canada for success in the global economy of tomorrow.

In a speech today to the Federation of Canadian Municipalities (FCM), Minister of Finance Bill Morneau highlighted the historic infrastructure investments in the Fall Economic Statement, and spoke about the new Canada Infrastructure Bank, which will help to build growth-oriented infrastructure across the country, transforming the way infrastructure is planned, funded and delivered.

Minister Morneau said that through this new infrastructure bank, the Government will work with the private sector to ensure that public dollars go farther and are used smarter. This will lead to better projects that create well-paying jobs that will grow the middle class now, and strengthen Canada's economy over the long term.

Minister Morneau emphasized that collaboration with all levels of government will be essential to the Government's plan to spur long-term growth through infrastructure investments. Over the next 12 years, the Government will invest more than $180 billion to help communities fund high-priority transit projects, ensure cleaner air and water and foster better neighbourhoods.

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"It is very important that all levels of government and the private sector work together to bring our best ideas forward when planning and implementing infrastructure policy. We look forward to working with the FCM to realize infrastructure projects that will strengthen the middle class and bring Canadians good jobs, a cleaner environment and thriving communities for years to come."

- Bill Morneau, Minister of Finance

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