Business leaders urge federal action to speed up infrastructure investment
AI Article Summary
Canada's business community is urging federal and provincial governments to speed up infrastructure investments, highlighting concerns about underinvestment that could hinder economic productivity and future growth. Aging transportation, housing, and energy systems are struggling to meet current demands, according to industry groups. They emphasize the need for proactive measures to support economic sustainability.
What This Means for Canadian Contractors
For Canadian builders, this means a potential increase in project opportunities if federal and provincial governments heed the call for accelerated infrastructure funding. Faster approval of permits and increased funding could reduce bottlenecks in project timelines. However, contractors must be prepared for competitive bidding and managing potential supply chain challenges that come with rapid project execution.
