Ontario announces C$32.5bn infrastructure spend over the next two years(3)

The Canadian province will use both public and private money to improve roads, schools and public transport over the next two years

Ontario province in Canada will inject C$32.5 billion (€20 billion; $26 billion) into improving its infrastructure over the next two years.

Around C$27.5 billion will be financed by Ontario’s Ministry of Energy and Infrastructure, using a mixture of public and private money. An additional C$5 billion of public money will be provided by the Canadian federal government.

“We’re making this investment in infrastructure because it creates jobs today and builds the foundation for tomorrow’s success,” Ontario Premier Dalton McGuinty said in a statement.

The investment will create and support more than 300,000 jobs. Transport will receive around C$9 billion, C$7 billion will be invested into healthcare and C$4 billion will be spent of education.