Data show Conservatives using infrastructure fund as campaign fodder
The federal government’s marquee, multibillion-dollar infrastructure fund has been handing out money at a slow pace, newly released figures show, prompting complaints that the government is playing politics with the cash.
About 92 per cent of the $10billion provincial-territorial stream of the New Building Canada Fund remains unspent, with about $782 million allocated through the start of this fiscal year, according to figures tabled in Parliament last month.
Infrastructure Canada, the department responsible for overseeing the cash, says that it may take some time to get the money out the door, especially given that the commitment is for a 10year period.
Department spokeswoman Fatima Baalbaki said in an email that officials are reviewing “several applications’’ and expect more to flow in.
“Proponents set the pace of their infrastructure projects and many large-scale projects take many years to complete,’’ Baalbaki said.