Survey says corporate and public real estate owners over budget on projects
Most construction projects are delivered late and significantly over budget compared to the owners’ original plan, a new survey from Procore Technologies Inc. finds. Conducted by international research firm IDC in May and June and commissioned by Procore, the survey, released today, revealed 75 per cent of owners were over planned budgets on their projects and 77 per cent were late. On average, projects were 70 days late compared to their original estimates. The Daily Commercial News will have more on the story.
John C. Munro Hamilton International Airport receives funding
More than $5 million in government funding has been announced to help the John C. Munro Hamilton International Airport recover from the effects of COVID-19. The Government of Canada is providing close to $2 million to enhance airport safety, including the replacement of an aircraft rescue firefighting vehicle and airfield rehabilitation. It is also providing over $2.6 million from Transport Canada’s Airport Relief Fund to help it maintain continued airport operations. Approximately $500,000 is also being provided through FedDev Ontario’s Regional Air Transportation Initiative to purchase personal protective equipment and cleaning supplies.
Governments to spend $14.2 million on Indigenous broadband infrastructure
Funding has been announced for five community and education infrastructure projects across Northern Ontario. The Government of Canada is investing over $11.3 million, and the Government of Ontario is providing over $2.8 million. The projects involve improving connectivity for a number of First Nation communities as well as upgrades to Berglund Road in the Township of Machin. In the Township of Ignace, work at the landfill facility, such as new security cameras, expansion of the landfill attendant transfer facility, and new gates will improve the facility’s operational management.
Infrastructure announcement for Shediac, N.B.
Minister of Intergovernmental Affairs Dominic LeBlanc; Minister of Environment and Climate Change and Minister responsible for the Regional Development Corporation Gary Crossman; and Roger Caissie, Mayor of Shediac, are slated to make an infrastructure announcement today at 2 p.m. AST. at the council chambers on Main Street in Shediac, N.B.
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