Sask. increases infrastructure investment by $2B to aid economic recovery

Sask. announces economic stimulus package WATCH: The Government of Saskatchewan announced a new stimulus package to help the economy rebound. Wayne Mantyka explains.

REGINA — The Government of Saskatchewan announced a $2 billion increase in infrastructure investment over two years, to assist economic growth following damage done by COVID-19.

The investment is a two-year capital plan, with a total investment of $7.5 billion with the increase announced on Wednesday afternoon.

“This is a $2 billion economic booster-shot over and above the $5.5 billion our government had already planned to invest in capital projects over the next two years and will be an important step in our province’s economic recovery,” Premier Moe said.

The package includes the $2.7 billion Crown and executive government capital spending from the government’s 2020-21 estimate, as well as the $2.8 billion projected for next year.

The government says the increase in investment will help balance the need for “smaller, short-term projects” to help kick-start the economy, and get people back to work. These projects are expected to leverage several job sectors in the coming years.

“Prior to the COVID-19 pandemic the provincial economy was already facing headwinds through depressed resource prices, anti-pipeline policies and rail blockades,” Saskatchewan Heavy Construction Association President Shantel Lipp said. “The announcement today will mean a big boost in the arm not only to the construction industry but to the province as a whole.”

Allocation of additional $2 billion

“The Saskatchewan Association of Rural Municipalities (SARM) is very pleased that the province has made the Infrastructure Stimulus announcement today,” SARM President Ray Orb said. “Investing in municipal infrastructure projects will help rural municipalities in rural Saskatchewan and will certainly help the provincial economy to recover.”

Allocation of $2.7 billion in capital funding

“We’ve been advocating for years for the development of a provincial infrastructure program, and we’re extremely pleased to see our provincial government implement one to help our economy recover in these challenging times,” Saskatchewan Urban Municipalities Association President Gordon Barnhart said.

“We salute the government’s funding for a myriad of projects throughout the province and in particular funding that we will see here in the Queen City for much needed infrastructure improvements be they within hospitals, education facilities, roadways and or many other areas of need," Regina & District Chamber of Commerce CEO John Hopkins said.