Wednesday, October 21

broadband investment

broadband investment, Business, Government, Justin Trudeau, universal broadband fund

Government promises $ 2 billion investment in broadband for underserved communities

The government has announced a $ 2 billion investment to connect around 750,000 homes to broadband in underserved communities. This investment in broadband is part of Canada Infrastructure Bank's (CIB) $ 10 billion three-year growth plan announced today during a press conference. The plan is expected to create approximately 60,000 jobs nationwide. The Infrastructure Bank of Canada is a federal corporation charged with financially supporting revenue-generating infrastructure projects through public-private partnerships. It is important to note that this $ 10 billion investment announcement is not a new expense and was previously allocated. The government notes that it has committed $ 35 billion to support infrastructure projects across the country through the Infrastructure Bank of Can...