Roads, schools and public transit infrastructure will be the beneficiaries of a $32.5 billion investment being made by the McGuinty government and Ottawa.
The Ontario government is spending $27.5 billion over the next two years with the federal government adding $5 billion toward what's being billed by Queen's Park as "the largest two-year investment ever in Ontario's infrastructure." Transportation projects will receive the bulk of the money at $9 billion, followed by heath care at $7 billion, and education at $4 billion.
The government claims these new investments will create and support more than 300,000 jobs over the next two years with these infrastructure upgrades.
"We're making this investment in infrastructure because it creates jobs today and builds the foundation to tomorrow's success," said McGuinty in a March 23 statement. "That's why it's a key part of our plan for the economy."
Energy and Infrastructure Minister George Smitherman added, "We're building roads, water/wastewater (treatment plants), schools and hospitals because Ontario's future growth and success depends on them."
