On May 13, 2015, BCBC Chief Economist Ken Peacock presented to the Construction Council of Vancouver Island's first annual Capital Project Forum in Nanaimo. In his presentation, Ken makes the case for increased infrastructure investment due to its strong economic impact and the role infrastructure plays in enabling access to foreign markets and improving quality of life. With the current climate of low interest rates, now is an opportune time to borrow capital in order to finance essential infrastructure projects. The presentation also looks at a variety of financing options from both the private and public sector, and notes the need for a long term infrastructure development strategy to ensure we keep pace with the global economy and our shifting demographics here at home.
This presentation is based on the Business Council's November 2014 whitepaper on infrastructure policy and financing, Building BC for the 21st Century, authored by Ken Peacock and Jock Finlayson.