Krista F. Hill

Special to Law.com

Countries all over the world are experiencing a growing need to replace or expand their infrastructure -- roads, railways, bridges, ports, airports, power assets, transmission lines, pipelines, communications networks and more.

In the 2007 Canadian federal budget, Finance Minister James Flaherty announced an infrastructure funding commitment of C$33 billion over the next seven years. Similarly, the Ontario government in 2005 announced its five-year infrastructure plan and committed C$30 billion to invest in highways, hospitals, schools and public transit. This is in addition to the estimated C$25 billion to C$40 billion required to refurbish, replace or conserve 25,000 megawatts of power-generating capacity in Ontario by 2020.

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Posted by pichu at June 22, 2007 11:52 PM