Many components of Canada's vast infrastructure network—the very lifelines that have made the country so prosperous and have provided Canadians with such a high standard of living—are reaching the ends of their service lives. What's more, a lack of sustained investment in the country's infrastructure is jeopardizing its safety and reliability.

This lack of sustained investment has resulted in an out-of-control infrastructure debt. Years of neglect have left an estimated $57 billion in outstanding repair and replacement costs. Canada's infrastructure debt is piling up.

… Canada needs to develop a comprehensive, multi-year strategy to reduce its infrastructure debt. All stakeholders ought to be brought together to assist in this effort and to advise the government on allocating money and setting priorities. Additional funds, moreover, should be devoted—and the expenditure of earmarked funds should be accelerated—to arrest further growth of Canada's infrastructure debt.

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