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« California To Get Largest Share Among States Of $43 Billion Infrastructure Fund Under $825 Billion Economic Stimulus Bill | Main | Interview: "China's involvement in Africa's infrastructure development has fundamental, transformative impact": Ethiopian PM »

January 27, 2009

Strings attached to infrastructure funds

CAMPBELL CLARK

OTTAWA - Ottawa will pump $12-billion over the next two years into infrastructure projects from bridge repairs to hockey rinks, but Canada's cities warn that many of the projects will not get moving this year unless there are rules to ease the impact on municipal budgets.

The federal budget calls for provinces to pony up $9-billion in matching funds - plus a still-unspecified sum from towns and cities - and imposes a "use-it-or-lose-it" threat that the funding will disappear if the projects are not under way within two years.

Full Story...

Posted by boyang at January 27, 2009 7:50 AM