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Ottawa plans to spend more than a half-billion dollars to fix supply chain issues, but experts say it falls far short of the kind of comprehensive strategy needed to address longstanding problems.
Last week’s federal budget commits $603 million over five years to support transportation network upgrades, such as port or rail expansions, on top of the $4.2 billion allocated to the National Trade Corridors Fund since 2017.
But large-scale infrastructure projects are pricey. A proposed container terminal at a Port of Vancouver site, for example, is estimated at $3 billion.
Ottawa last year announced a national infrastructure assessment that aims to lay out a long-term vision and boost co-ordination among infrastructure owners and funders over the next three decades. Experts say that can’t come soon enough.
The extra money laid out in the budget is sure to help. But on top of more cash, what’s needed most is a cohesive approach to the overall flow of goods into and out of the country, says Carlo Dade, director of the Canada West Foundation’s trade and investment centre.
Read more in an article from CTV News.