While previous infrastructure programs have been successful, it has become apparent that some large-scale infrastructure projects across the country are beyond the scope and capacity of existing programs. The $2 billion Canada Strategic Infrastructure Fund announced in Budget 2001 responds to these needs. An additional $2 billion was set-aside for this Fund in Budget 2003, because investments in public infrastructure are critical to Canada's quality of life and to its prospects for sustained economic growth.

Flexibility

The Canada Strategic Infrastructure Fund complements Canada's other infrastructure programs but differs in its orientation. It emphasizes partnerships with any combination of municipal, provincial, territorial governments, as well as the private sector, and each partnership will be governed by specifically tailored arrangements. Investments are directed to large-scale projects of national and regional significance. Regional equity considerations are taken into account and costs are generally shared between the three levels of government. Investments are made in areas that are vital to sustaining economic growth and supporting an enhanced quality of life for Canadians.