A quick review of the statistics confirms Canada’s infrastructure investment opportunities are only increasing. The Canadian Council for Public-Private Partnerships’ (CCPPP) website reports that 31 per cent of infrastructure in Canada is 40- to 80-years old, with 28 per cent of infrastructure over 80-years old. According to the CCPPP, the current cost to rehabilitate Canada’s civil infrastructure system at the municipal level is estimated at $57 billion: $20.7 billion is required for transit system infrastructure for the period 2006-2010 and $30 billion to $40 billion of investment is required to improve just Ontario’s water and wastewater systems.
British Columbia’s market has been the most open to private equity investment. This encouragement has led to more activity in infrastructure funding than anywhere else in Canada. Projects like the Golden Ears Bridge and the Sea-to-Sky Highway (both made ReNew Canada’s top 10 in 2007) show the province is actively pursuing partnerships between the public and private sectors. The government of British Columbia has realized that it needs help to efficiently and cost-effectively develop its abundant natural resources to meet growing power requirements. BC Hydro has been increasingly effective at encouraging the development of independent power projects like hydro and wind developments. The public company Plutonics Power Corporation and private companies Cloudworks and Sea Breeze as well as the income trust Innergex and the CFI Infrastructure Opportunities Fund have all invested in projects designed to augment the province’s supply of power.