That’s why we’re so excited about this relationship,” said Iveson, who chairs the Big City Mayors Caucus of the Federation of Canadian Municipalities. The big city mayors loved the Trudeau government’s first round of infrastructure funding — mostly because the Liberals upped their share of funding for individual projects to 50 per cent. Infrastructure programs run by previous federal governments typically split the funding evenly three ways — one-third from Ottawa, one-third from the province and one-third from the municipality. While it varied among provinces and by infrastructure program, most municipalities ended up paying between 10 and 20 per cent of the cost per project. The Liberals are thinking, for example, about creating an infrastructure bank that could attract capital from pension funds and other large institutional investors.

Source: National Post October 19, 2016 21:45 UTC