HOW DID THE FINANCIAL CRISIS IMPACT THE CANADIAN GOVERNMENT'OUTLOOK ON INFRASTRUCTURE INVESTMENT AND PPPS?

JF: Canada has launched an extremely ambitious infrastructure stimulus plan, with more than 40 percent of the total stimulus funding devoted to infrastructure investment. The government has committed close to $11 billion towards approximately 8,000 provincial, territorial and municipal infrastructure projects since the launch of Canada's Economic Action Plan. Combined with contributions from other partners, these projects represent a total investment of over $33 billion in infrastructure.

In addition, to ensure the smooth functioning of the PPP market during the financial crisis, the government took action to maintain the availability of traditional sources of financing from banks and other financial institutions. For example, Export development Canada is working with private sector financial institutions to provide credit support to PPP projects that broadly fall within its trade-space mandate.