Insidetrack - Spring/Summer 2016 - (Page 28)

❱❱❱❱ FEATURE INFRASTRUCTURE, PUBLIC TRANSIT, AND VIA RAIL: WHAT THE 2016 FEDERAL BUDGET MEANS FOR RAILWAY SUPPLIERS BY JAMES CARELESS Canadian railway suppliers can be forgiven for being underwhelmed by the federal Liberals' first budget, which was tabled in the House of Commons on March 22, 2016. After all, federal Finance Minister Bill Morneau didn't mention "rail" once during his budget speech. Meanwhile, the government's overall plan to spend more than $120 billion over the next decade on infrastructure improvements - which includes public transit - came with the proviso that most of this would be spent six or more years down the road. In the near term, "the first phase of our infrastructure plan invests $11.9 billion over five years to modernize and rehabilitate public transit, water and wastewater systems, provide affordable housing, and to protect infrastructure systems from the effects of climate change," said Morneau. This decision won approval from the Conference Board of Canada (CBoC). "The timing for infrastructure investments couldn't be better, given record-low 28 insidetrack | SPRING/SUMMER 2016 financing costs and the weakness in private sector capital investment," said the CboC's online budget analysis report ( economics/budgets/federal_2016. aspx). "Moreover, improved public infrastructure - especially transportation - is linked with enhanced productivity over the longer term." Inside Track magazine has gone through the 2016 federal budget, whose very name - "Growing the Middle Class" - symbolizes its heavy focus on social programs rather than business concerns. Here is what CARS members need to know. Following the Infrastructure Money In line with the Liberal government's repeated public commitments to increase infrastructure spending, the 2016 Budget paper declares that "the Government will implement an historic plan to invest more than $120 billion in infrastructure over 10 years, to better meet the needs of Canadians and better position Canada's economy 31 ❱

Table of Contents for the Digital Edition of Insidetrack - Spring/Summer 2016

President’s Message | Mot du president
The Times, They Are a Changin’
National Railway Day
Review of Canada Transportation Act: Impacts on the Rail Industry
Advocating for a Sustainable Future
Infrastructure, Public Transit, and Via Rail: What the 2016 Federal Budget Means for Railway Suppliers
Trade Credit Insurance for the Rail Industry: Grow Sales and Increase Profitability
The Mixed Blessings of a Low Canadian Dollar
Aim Higher
New Members | Nouveaux membres
CapEx: An Industry-Wide Look at Who’s Spending What | Dépenses en immobilisations : Tour d’horizon des immobilisations de l’industrie
Railway Supplier Buyers’ Guide | Guide d’acheteurs des fournisseurs de chemins de fer
Index to Advertisers I Index des annonceurs

Insidetrack - Spring/Summer 2016