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ARTICLE · 24 APRIL 2015

2015 Federal Budget: Infrastructure And P3s On The Move

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

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On April 21, 2015, Finance Minister Joe Oliver tabled the 2015 federal budget (Budget).

CanadaGovernment, Public Sector
Catherine Doyle
Catherine Doyle
Michael Elder (Student-At-Law)
Michael Elder (Student-At-Law)
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INTRODUCTION

On April 21, 2015, Finance Minister Joe Oliver tabled the 2015 federal budget (Budget). The Budget reaffirmed several of the government's past commitments to infrastructure renewal and introduced some new measures of interest to those involved in infrastructure projects across Canada, particularly under the alternative financing and procurement and public-private partnership (P3) models.

NEW PUBLIC TRANSIT FUND

One of the government's key announcements in the Budget is the creation of a new Public Transit Fund "to promote public transit infrastructure investment in a manner that is affordable for taxpayers and efficient for commuters." Through the fund, the government will provide new time-delayed funding of C$750 million over two years, starting in 2017-18, and C$1 billion per year thereafter for transit infrastructure projects across the country.

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