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Results: 121 - 135 of 173
View Marc Miller Profile
Lib. (QC)
Mr. Speaker, on May 17, 1642, Paul de Chomedey de Maisonneuve founded the colony of Ville Marie near the Mohawk village of Hochelaga, or Tiohtià:ke, on the Island of Montreal. Today, I am honoured to celebrate the anniversary of the city I grew up in and continue to discover every day.
Today Montreal is an international beacon for coexistence where communities hailing from far and wide live together in mutual respect, welcoming people who need a new home, such as those escaping the Irish great famine, the atrocities of the Holocaust, the Vietnam War, and, more recently, the Syrian civil war.
Montreal is all about multiculturalism. It has something for everyone and is the place to go for everything, from smoked meat and Vietnamese noodle soup to poutine. The Montreal flag features the French fleur-de-lys, the English rose, the Scottish thistle, and the Irish shamrock. For its anniversary, the City of Montreal intends to add an indigenous symbol to the flag, and we commend it for that effort.
Montreal, happy 375th birthday. The future is bright.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, we were elected on a platform to invest in a historic infrastructure plan, including developing an infrastructure bank.
The infrastructure bank would engage private capital to build better public transit, energy transmission, trade corridors, and more across Canada. By engaging private capital in these projects, our investments will go further and free up more funding for the record investments we are making in things like social housing, disaster mitigation, women's shelters, and clean water and waste-water systems.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, we value the expertise that those in the private sector can offer and thank those on the economic advisory council for their advice, for example.
We have engaged a number of actors across the country, including the Federation of Canadian Municipalities, unions, provinces, territories, indigenous peoples, engineers, construction firms, and more. We are proud of this level of engagement on the infrastructure bank design. From someone who comes from the private sector, for me this is absolutely a no-brainer.
We look forward to continuing to speak with a wide range of actors. We will continue to do so, all in the interest of Canadians.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, we were elected on a promise to make historic investments worth $180 billion to build Canada for the 21st century.
The session organized with BlackRock lasted just a few hours last fall, but we spent hundreds of hours consulting groups like the Federation of Canadian Municipalities, unions, the provinces and territories, academics, engineers, construction firms, and more.
We are proud of the scope of our consultation on the development of this bank. We look forward to continuing our discussions with various groups, while we implement this important initiative.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, if we mobilize private sector dollars to build new infrastructure projects, our investments will generate more spinoffs while freeing up public funds to invest even more in priorities such as social housing, disaster mitigation, women's shelters, drinking water, and wastewater treatment.
We believe that this bank will benefit Canadian municipalities of all sizes, like the one represented by the member opposite, and we will continue to work with our partners to build better infrastructure and make good things happen for Canada in the 21st century.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, this is an important question to be asked. Indeed the infrastructure bank is an effort to leverage private capital in projects where we see fit. Again, let me remind the hon. member that these projects are put forward to us and these are projects that we will, through the infrastructure bank, examine and make the right choices for Canadians. By engaging private capital in these projects, our investments will go further and free up more funding for the record investments we are making in things of importance to the member opposite, such as social housing, disaster mitigation, women's shelters, and the like.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, we value the expertise that those in the private sector can offer and thank those people who have been giving us this input. If we are going to offer options to the private sector, we indeed need to consult these people and get their input and feedback as we put our best foot forward in how to leverage that private capital.
It bears reminding the member that the session with BlackRock lasted only a few hours, but we spent hundreds of hours consulting on the infrastructure bank, including with the Federation of Canadian Municipalities, unions, provinces, territories, academics, engineers, construction firms, and more.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, this bears repeating.
The session with BlackRock last fall lasted only a few hours, but we spent hundreds of hours consulting stakeholders such as the Federation of Canadian Municipalities, unions, the provinces and territories, indigenous peoples, academics, engineers, construction firms, and more.
For those in the private sector, this consultation process is an extremely important part of making decisions about investments that will be leveraged to mobilize more infrastructure money to improve the lives of Canadians and Quebeckers.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, in-depth studies require consultation with many people, as I said earlier. I will not repeat myself.
We must consult the private sector, which will make those investments. It is worth mentioning that the KPMG report, just one of the reports we saw and examined, stated that the Canada infrastructure bank will accelerate economic development and growth, create major national projects, and ensure quick decision-making, considering the development that Canada needs now and in the future.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, the location, while key to developing and working with our private proponents, is not of capital importance, insofar as we need to focus more on the historic infrastructure that we are making and the capital that we are freeing up in order to put forth our transformative infrastructure plans for Canadians.
Toronto was chosen among other cities because it has great access to private players. That is one of the options that we entertained, and it is one of many options that we may have had, including Montreal, Halifax, and others. Calgary certainly is a great place for private capital, a great place for investment, and that is why we are investing in Alberta.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, I thank the member for her advocacy on behalf of small communities. Indeed, on this side of the House we took note and we put $2 billion into classical modelling of infrastructure in rural and northern communities and we plan to deliver on that promise.
The assumption that the infrastructure bank will invest solely in large projects in large cities is false. There are potentialities for transmission lines and hydro projects in the north, taking the north off diesel or coal, or rural communities where needed, where we consult with the parties and they feel that is necessary.
That is simply one option in the tool box we have for transformative infrastructure.
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, what the hon. member just said is precisely the point. She seemed to suggest in her speech that only large communities can benefit from large projects and that rural and smaller communities cannot. In the case specifically of getting communities off diesel or coal, these are projects that may be of some interest to the bank itself, but also to the $2 billion in specific project funding for traditional infrastructure we have for smaller and northern communities.
I wonder whether the hon. member has actually given consideration to that thought and believes we can actually have larger projects in smaller communities, as we plan to do, where it is feasible, in our budget plan. Had she given any sort of consideration to that before she spoke today?
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View Marc Miller Profile
Lib. (QC)
Mr. Speaker, I would like to thank the member for her speech and her criticisms of the bank. That is what we are here for. Both of Her Majesty's loyal oppositions do an earnest job in holding us to account, and I thank them for their advocacy.
It should come as no surprise that we are investing all over Canada. In the area of Saskatoon alone, we have 13 projects, with a total eligible cost of about $60-plus million, half of which is the federal contribution. These are things I hope the member will admit are critical for the development of the Saskatoon area. Indeed, the mayors and city councillors are over the hills about these investments, which have been underfunded for so long.
There seems to be a fear of the private sector. Pushed to its limit, the suggestion is that we would have to build all these projects, even in our classical funding model, all by ourselves. That is not the case. We work with partners, and they contribute to our understanding of needs. Indeed, we defer to the provinces and municipalities for their expertise as to which projects are selected.
Has the member read the legislation? It took me half an hour. It is not buried anywhere in an omnibus bill. It is an easy read. I am glad to sit down and work with her. To truly understand the functioning of the bank, it is worth that half-hour sit-down. Has she read the legislation?
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View Marc Miller Profile
Lib. (QC)
Madam Speaker, I would like to thank the member opposite for her advocacy for her community. I heard the passion with which she expressed her concern for development, particularly in social housing. These are needs in any city and most communities. In mine, for example, it is up to 30% or 40% in certain areas and boroughs.
These are the things we need to be fighting for and that is why we have a classical infrastructure model of up to $180 billion. This is why we will not be using private capital in most circumstances to leverage these purchases and construction. We will be working with private partners and we will be looking to work with private partners for these things. In some areas it will make sense and in some areas it will not.
Has the member talked to any community members for projects that will make sense in her riding, will make sense for the Vancouver area? We recently announced projects in the Vancouver area of $300 million, half of which are federally funded. Again, not all of those are privately leveraged, but there are circumstances where we will be building more infrastructure in order to build bigger projects, more projects in communities where they need it and where it makes sense to allow private partners to participate, but it is not all of them. It is 8% of our classical funding model. Perhaps the member could consult with members in her party because the projects themselves come from the proponents and they are not pushed by the bank in and of itself.
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View Marc Miller Profile
Lib. (QC)
Madam Speaker, I would first like to inform you that I will be sharing my time with the member for Moncton—Riverview—Dieppe.
It is an honour to stand in the House today to speak about the important work our government is doing to support our municipalities' infrastructure investments for the 21st century.
In budget 2016, we launched the first phase of the plan, which is designed to achieve three major objectives: encouraging long-term economic growth, building inclusive communities, and supporting a low carbon emission green economy.
The initial phase focused on repairing and modernizing existing infrastructure. It also provided for financing the design and planning stages of new large-scale projects.
That first phase has been successful. Through Infrastructure Canada's two funds, the $2 billion clean water and waste water fund, and the $3.4 billion public transit infrastructure fund, the Government of Canada has supported 1,760 projects across the country. Over 70% of these projects are currently under way.
When we first took office, we made a commitment to Canadians and Canadian municipalities to be transparent and to make strategic evidence-based investments in infrastructure. We knew the best way to do this was in partnership with provinces, territories, municipalities, indigenous peoples, and key stakeholders, so we met with them. We talked to them, and we continue to talk to all our partners and stakeholders. We know the best way to be successful is to ensure that the work we are doing and the plans we are putting forward are based on the needs and expectations of the people it is meant to serve.
As the Prime Minister said in the House on Tuesday, we ensure we talk to people, like the Federation of Canadian Municipalities, the big cities mayors' caucus, and to engineering and construction industry members. Last week, I spoke to a group of mayors from the UMQ, who put forward their views on our project, and they were very positive about it. With their valuable input and contributions, we were able to develop our long-term infrastructure plan, which we call “investing in Canada”, through which we will invest over $180 billion over 12 years.
Our plan focuses on five key areas: public transit, green infrastructure, social infrastructure, trade and transportation, and rural and northern communities. It also features two new initiatives: the smart cities challenge, which I spoke to the mayor and guests about yesterday in Toronto; and the Canada infrastructure bank.
When we were developing the Canada infrastructure bank, we also met with groups like the Canadian Council for Public-Private Partnerships, the World Bank, and the International Monetary Fund. We knew the importance of having the experts at the table from the very beginning. That is also why I would like to commend the House of Commons and Senate committees that are looking into the bank very carefully. The bank is being reviewed by four distinct committees. I would like to thank those members for their time and hard work on the matter.
The Canada infrastructure bank is a new tool for communities across Canada to take advantage of in order to build strong and stronger communities.
We are proposing the Canada infrastructure bank because we believe that the federal government has an opportunity to make a place for itself among the many private sector investments in infrastructure and to form partnerships with some of the largest institutional investors in the world.
If Parliament approves it, that is exactly what the Canada infrastructure bank will do. It will invest up to $35 billion in new infrastructure focusing on growth everywhere in Canada.
Fifteen billion of those dollars will come from the investing in Canada plan. That $15 billion represents approximately 8% of the total funds we have committed to infrastructure under our long-term plan, which I referred to earlier, of over $180 billion.
We will make an additional $20 billion in capital available to the Canada infrastructure bank to enable it to hold assets in the form of equity or debt.
The bank will be the federal government’s contact point with the private sector and will hire experts from the private sector so that the government can maximize the investments made with private capital.
The bank’s funds are in addition to the funding for infrastructure that we have committed to doubling. Most importantly, they represent a new way of helping our financing partners meet their urgent infrastructure needs. We will free up public funds to build more public infrastructure using private capital to build these new projects.
We expect that the bank will attract private sector capital that would otherwise not have been invested in public infrastructure. That will have a multiplier effect on our transformational infrastructure capacities. Once the bank has been created as an autonomous crown corporation, it will provide a new tool that the provincial, territorial, municipal, and indigenous partners will be able to use to build the infrastructure that Canadians need.
It will also be responsible for negotiating complex transactions and finding innovative financing solutions for transformational infrastructure projects everywhere in Canada. It is therefore essential that we find and attract talented and experienced managers who will ensure that the bank fulfils its mandate. My colleague, the Minister of Infrastructure and Communities, has initiated the search for senior management, namely the chairperson, the board of directors, and the chief executive officer of the autonomous crown corporation. The objective is to ensure that the bank is operational by the end of 2017.
This process is open and merit-based, and it will enable us to find the experts and professionals who are needed for managing the bank. The selection process is designed to attract diverse and highly qualified personnel.
At this point, I would like to address some of the allegations made in the House, in particular by the member for South Surrey—White Rock. The suggestion has been made, and it was not simply made by her, that the bank would take away from current projects that have been announced or are under way. That is patently false. The member can rest assured that the projects in her riding, totalling $72.5 million, half of which is federally funded, will go through.
Another issue that was raised was the ownership of the gas tax fund. It bears reminding the House that the gas tax fund was created by the last Liberal minister of finance, now the current Minister of Public Safety, to truly balance the budget. The gas tax fund is a Liberal initiative that creates sustained funding to municipalities through regular funding from the government.
As I mentioned at the beginning of my speech, I met with the UMQ. We do not share entirely the same opinion on how much money gets funded by the federal government. We are entering into a difficult, earnest, and open negotiation phase with Quebec, and municipalities will participate in the advocacy. It was very eager to hear what our plans were.
Wherever I go in Quebec to make announcements, the mayors of the cities, and especially the councillors, who work as hard as we do, if not harder, are delighted to be getting infrastructure. There has been a crying need for decades, because of capital underfunding, and that has consequences.
If approved by Parliament, the bank will be an important new tool for our provincial, territorial, municipal, and indigenous communities to build more infrastructure, while freeing up public funding for public projects.
The Government of Canada has been open and transparent regarding all phases of the bank's development. We will continue to work openly with our partners to ensure our investing in Canada's infrastructure plan continues to meet the needs of communities across Canada.
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