Report suggests Ontario needs $52 billion in infrastructure repairs
By Rob Blackstien
InfrastructureIn a report published Monday, the office looked at the condition of municipal infrastructure and costs as of last year to keep assets in good repair.
By Holly McKenzie-Sutter
TORONTO – Ontario’s fiscal watchdog estimates 45 per cent of municipal infrastructure in the province needs repairs, which it says will cost about $52 billion.
The Financial Accountability Office warns, however, that the backlog of infrastructure in need of fixing is likely higher since the data it examined is incomplete.
In a report published Monday, the office looked at the condition of municipal infrastructure and costs as of last year to keep assets in good repair.
Municipal roads make up the largest share of the backlog, estimated at $21.1 billion, followed by buildings and facilities, wastewater, potable water and bridges and culverts.
The financial watchdog notes, however, that the condition of about 10 per cent of assets valued at $47 billion is unknown.
It says keeping public infrastructure in good repair is the most cost-effective strategy for managing assets but that can conflict with other budgetary priorities.
(The Canadian Press)
