Ontario announces $26.3 billion infrastructure spending and new funds to boost skilled trades – Ontario Construction News
November 4, 2024
Ontario Construction News staff writer
Ontario is set to invest $26.3 billion in infrastructure projects for 2024-25, with a total commitment of $191 billion over the next decade, Finance Minister Peter Bethlenfalvy announced in his fall economic statement on Oct. 30. This funding aims to support significant construction initiatives across the province.
An additional $23 billion will be allocated to building new schools and childcare centres over the next 10 years. However, the province is expected to fall short of its housing target for this year, with only 81,300 homes anticipated to be completed, down from an original goal of 125,000.
