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Status Report on Phase 1 of the New Infrastructure Plan.pdf
In December 2017, the PBO submitted information requests to 32 departments, agencies and Crown Corporations responsible for all Phase 1 NIP projects. PBO was able to build an inventory of 10,052 projects, which we believe to represent a substantial majority of total planned NIP Phase 1 funding.
Of the total $14.4 billion budget for NIP Phase 1, federal organizations have been able to identify $7.2 billion worth of approved projects that were initiated in either 2016-17 or 2017-18. Thus, $7.2 billion of Phase 1 funding is yet to be attributed to projects.
As part of its ongoing economic and fiscal analysis, the PBO actively monitors the roll-out of the NIP to determine the timing and impact of the planned stimulus program on the Canadian economy.
Based on the updated profile provided in Budget 2018, we estimate that Budget 2016 infrastructure spending raised the level of real GDP by 0.1% in 2016-17 and 2017-18, increasing the overall level of employment by between 9,600 and 11,100 jobs in 2017-18.