VAUGHAN, ONT. — A new video released by the Residential and Civil Construction Alliance of Ontario (RCCAO) calls on the federal and provincial governments to commit more funding to municipalities so that state-of-good-repair projects can be tendered this year.
The video is based on a report by Prism Economics and Analysis entitled Averting a Crisis: The Need to Protect Ontario’s Infrastructure Investments, which was commissioned by the RCCAO to gauge the impact of possible cancellations of construction maintenance and repair projects by municipalities, universities and colleges, school boards and hospitals. According to the report, 117,000 direct construction, supply chain and broader economy jobs are under threat due to cancellations.
Cities are facing increased costs due to the COVID-19 pandemic and are being forced to raid their capital funds to balance their budgets, states an RCCAO release, adding a Safe Restart Agreement 2.0 would provide municipalities with financial certainty so they can proceed with necessary state-of-good repair projects.
“Governments must keep the momentum going and collaborate on a Safe Restart Agreement 2.0 for the upcoming construction season,” said RCCAO board chair Peter Smith in a statement. “We appreciate the financial relief that was provided late last year but there is a pressing need for funds to continue flowing in 2021 or municipalities will face the prospect of having to cancel projects, which could lead to heavy job losses in construction and other industries.”
The video can be found at https://www.youtube.com/watch?v=zHep8jrWqPI&list=PLgiGp52farbZWWVIfrIw1bQ50lt0RObO9&index=1
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