LATEST NEWS 
January 14, 2010
Vancouver gets its share of stimulus cash
VANCOUVER
The construction of a wide range of infrastructure projects in Vancouver received a much needed kick-start from $30 million in funding from the federal government.
Minister of International Trade and Minister for the Asia-Pacific Gateway Stockwell Day and Vancouver deputy mayor George Chow recently announced funding for 26 shovel-ready infrastructure projects.
“The beauty of this announcement is that the work is much needed for the industry,” said Philip Hochstein, president of the Independent Contractors and Businesses Association (ICBA).
“Two good things really stand out with these projects. First, there is a diversity of projects, so it will not just help road builders.”
The construction projects include improving local roads, trails, municipal buildings, water and wastewater systems and other facilities in Vancouver.
“The contracts are relatively small and could help the smaller contractors, who don’t need as much to get them through the hard times,” explained Hochstein.
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| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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