Research into the state of urban infrastructure confirms the importance of public services. Canada’s publicly owned infrastructure has a positive impact on the Canadian business sector. With decreased federal spending, investment in important infrastructure like bridges, roads, and urban developments like affordable housing, have suffered. There are major problems with P3 financing, operations and accountability. Governments are secure and efficient borrowers for major infrastructure investment. Pension funds provide a decent rate of return for members and capital for government spending at a reasonable rate of interest. There are alternatives for funding infrastructure. The above confirms the necessity to support the Federal Liberals’ proposed “New Deal for Cities.”
