Liberals want to spend $7.5 billion on roads
OTTAWA, Ont. – While the Liberal-dominated finance committee is calling on the federal government to slash taxes by $46 billion between now and 2004, it also suggests that it’s time to re-invest in Canadian highways.
The committee’s 238-page pre-budget report, which was tabled in December, included a push to create a $7.5-billion infrastructure program within the next five years.
The group advocates a shared funding mechanism split three ways between federal, provincial and municipal governments. Each tier would be responsible for an equal $2.5-billion share.
The finance committee says the cash would go a long way towards paying for projects like modernized highways and improved border crossings.
Members explain these efforts are needed to help jumpstart the nation’s slumping productivity growth. n
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