Budget 2025 reaction: Atlantic Canada looks to the future and ‘fair funding’ for major projects
AI Article Summary
The budget for 2025 provides hope for Atlantic Canada's construction industry, which has felt overlooked in past federal budgets. Prime Minister Mark Carney's fiscal plans are well-received as they include initiatives for improving infrastructure and boosting home construction across the four provinces of the region. However, there remain unanswered questions regarding the specifics of the implementation. Duncan Williams, President of the Construction Association of Nova Scotia, expresses satisfaction with the government's approach but emphasizes the need for timely action.
What This Means for Canadian Contractors
This budget highlights the federal government’s initiative to address infrastructure needs in Atlantic Canada, ensuring equitable funding. For Canadian builders, this means there could be increased residential building opportunities, though it remains crucial to keep abreast with the release and approval process of permits. Additionally, the speed at which funding is disbursed will greatly influence project timelines and costs.
