The budget, delivered March 21, dedicates $53.5 billion over the next 10 years for provincial, territorial and municipal infrastructure.
The IBC worked with the Federation of Canadian Municipalities and other stakeholders to urge the Government to make a priority of critical infrastructure spending.
“As severe weather becomes more common in Canada, updated storm and waste water infrastructure is essential for municipalities,” said Chris White, vice-president, federal affairs of IBC in a statement. “Because of the devastating human and economic impacts of severe weather, home, car and business insurers have made climate adaptation a top priority. We’re pleased to see the federal government helping fund this vital challenge.”
Originally published on CITopBroker.com