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What is the purpose of such a large investment in Canada's infrastructure?

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What is the purpose of such a large investment in Canada's infrastructure?

The Government of Canada has pursued three primary objectives with the approved projects and billions invested: "supporting economic growth, job creation, and competitiveness; combating climate change and building resilience; and boosting social inclusion and quality of life for all Canadians."

 

As a result, we can see that, in addition to community prosperity, infrastructure investment will be critical to Canada's capacity to exceed the 2030 climate targets and achieve net-zero emissions by 2050.

 

Here are some reasons to invest in Canadian Infrastructure:

 


  1. Canada's infrastructure requirements have the main requirement of developing a long-term strategy. One of the first measures Infrastructure Canada might take to construct a long-term vision is to develop an infrastructure digitization strategy. This roadmap should include federal standards for reporting and sharing data, and it should be implemented in collaboration with the private and public sectors.
  2. The second priority is to increase collaboration between infrastructure owners and financiers. The improvement of coordination, collaboration, and alignment among public and private sector infrastructure owners and funders is the second objective identified in Canada's first National Infrastructure Assessment.
  3. Understanding the existing status of infrastructure and the population's future demands, as well as how to bridge that gap, is the third important objective considered in the National Infrastructure Assessment.

 

The Bottom Line

Canada is one of the world's most technologically advanced countries, and it has a huge amount of untapped potential for innovation. The country's infrastructure is among the best in the world, but this fact is largely unrecognized by the general public. 

 

However, there are many people who recognize that investing in Canadian infrastructure could be a profitable venture.


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