Canadian, U.S. Infrastructure Issues the Same
- Published: Monday, 18 February 2013 16:17
- Written by Mark Kuhar
February 18, 2013 – The link between infrastructure investment and economic growth is the same in Canada as it is in the United States. The Canada West Foundation released a new study, "At the Intersection: The Case for Sustained Public Infrastructure Investment," demonstrating the strong link between Canadian public infrastructure investment and long-term economic growth. The study asserts that meeting the urgent need for strategic infrastructure investments will secure the nation’s productivity and yield high economic value and important social returns. The group recommends policymakers: Continue sustained and strategic public infrastructure investments; make public infrastructure that enhances economic performance a priority; encourage innovative approaches to infrastructure design; give due consideration to renewing existing public infrastructure (which often have as much as, if not more economic benefit than new projects); and continually evaluate infrastructure funding for future improvement. The cost of inaction, the study suggests, could pose long-term harms to Canada’s economic prosperity.