October 4, 2017 by The Boston Consulting Group
A new report from The Boston Consulting Group (BCG) says Canada’s infrastructure deficit sits at an estimated average of $110 billion to $270 billion, posing the need for both the government and private sector to pump in more investments to meet the funding gap.
The report “15 things to know about Canadian infrastructure” highlights Canada’s top infrastructure issues, including the lack of infrastructure funding, transformative ideas and domestic investments from private companies and pension funds to help meet the gap in capital. The report notes Canada’s pension funds alone had a combined infrastructure investment of more than $45 billion in 2016, but they invest less than 15 per cent of infrastructure portfolio domestically.
Some other interesting data:
• Canada has consistently lagged behind peers in transportation, utilities and energy investments
• Government funding capacity in Canada is average relative to peers
• Canada needs to better leverage innovative financing structures to increase private investment rates
• Canada’s infrastructure quality is mediocre, with a significant portion of assets in poor (or very poor) condition
To read the full report, download it here: https://static1.squarespace.com/static/59c96387268b96752ffd6100/t/59d3ee32d7bdcef89793aee4/1507061319999/15_things_to_know.pdf
SOURCE The Boston Consulting Group