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P3-option-trading-system-review

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Pengumuman: 27 Februari adalah Pendaftaran untuk Orientasi Regional mengenai Pedoman JHS ESC, TSS dan SHS VP untuk Tahun Sekolah 2017-2018 Komite Bantuan Pendidikan Swasta (PEAC) menyelenggarakan orientasi regional untuk semua perwakilan JHS ESC dan SHS VP Sekolah untuk pelaksanaan program di tahun ajaran 2017-2018. Peserta harus mendaftar secara online (fape.org.ph) untuk mengikuti orientasi. Pendaftaran online akan dimulai pada tanggal 27 Februari 2017. Untuk pertanyaan, sekolah dapat menghubungi Sekretariat Regional masing-masing. Direktori dapat dilihat di halaman Hubungi Kami dari situs ini. Mereka juga dapat menghubungi Sekretariat Nasional PEAC di (02) 840-6006 atau (02) 840-6000 lokal 171. Pengumuman: Bangkit untuk Proposal Penelitian 2017-2018 PEAC mengundang peneliti untuk mengajukan proposal berdasarkan Riset dan Inovasi untuk Kesuksesan Dalam Pendidikan (BANGKIT). Untuk tahun 2017-2018, area penelitian prioritas berfokus pada Program GASTPE dan pertanyaan dan topik penelitian terkait yang diartikulasikan dalam Agenda Riset Pendidikan Dasar DepEd (DepEd Order 39, s 2016). Proposal yang sangat menarik adalah studi kebijakan yang membahas, namun tidak terbatas pada, pertanyaan penelitian berikut: - Bagaimana GASTPE dapat memperbaiki akses terhadap pendidikan di Filipina di berbagai kelompok rentan - Bagaimana mekanisme GASTPE dapat ditingkatkan untuk memenuhi kebutuhan Dari target penerima manfaat dan pada saat yang sama mempertimbangkan keadaan ekonomi dan kelembagaan sekolah swasta Pihak yang berminat harus membaca pedomannya. Sekretariat Nasional PEAC akan menerima proposal sampai 31 Mei 2017. Untuk pertanyaan, hubungi Unit Komunikasi dan Penelitian di (02) 840-6006 atau (02) 840-6000 loc. 171. Panduan Usulan Konsep RISE 2017-2018 Pengumuman: ASPIRE Meminta Proposal untuk 2017-2018 Komite Bantuan Pendidikan Swasta (Peduli Pendidikan Swasta) mengundang asosiasi pendidikan swasta untuk mengajukan proposal proyek untuk mendanai bantuan berdasarkan Bantuan untuk Program dan Inisiatif untuk Pendidikan Reformasi (ASPIRE ) Program. Program ASPIRE menyediakan dukungan dana untuk proyek dan kegiatan di bidang berikut: Pelatihan dan Pengembangan Profesional Pengembangan Kebijakan Publik dan Advokasi dan Pengembangan Kelembagaan. Pemohon yang memenuhi syarat yang berminat untuk mendaftar harus membaca panduannya. Sekretariat Nasional PEAC akan menerima proposal dan paling lambat tanggal 31 Mei 2017. Untuk pertanyaan, hubungi Unit Komunikasi dan Penelitian di (02) 840-6006 atau (02) 840-6000 loc. 171. - Bagaimana mekanisme GASTPE dapat ditingkatkan untuk memenuhi kebutuhan penerima manfaat yang ditargetkan dan pada saat yang sama mempertimbangkan keadaan ekonomi dan kelembagaan sekolah swasta Pedoman ASPIRE Proposal 2017-2018 Pengumuman: RSITE Meminta Permohonan untuk 2017-2018 Pendidikan Swasta Assistance Committee (PEAC) mengundang administrator dan guru dari sekolah swasta untuk mengajukan bantuan berdasarkan Program Penelitian untuk Peningkatan Sekolah Menuju Keunggulan (RSITE). Program RSITE memberikan dukungan finansial sebesar P40.000 dan P80.000 untuk penulisan tesis Master dan Ph.D. Disertasi, masing-masing. Memenuhi syarat untuk hibah adalah mereka yang memiliki proposal penelitian yang disetujui dan belum melakukan pembelaan akhir tesis atau disertasi mereka pada saat permohonan diajukan. Mereka yang berminat untuk mengajukan permohonan harus membaca pedoman dan mengajukan persyaratan paling lambat tanggal 31 Mei 2017. Sekretariat Nasional PEAC tidak akan menindaklanjuti dan memproses permohonan dengan persyaratan yang tidak lengkap. Untuk pertanyaan, hubungi Unit Komunikasi dan Penelitian di (02) 840-6006 atau (02) 840-6000 loc. 171 Formulir Aplikasi RSITE 2017-2018 Pengumuman: Program DARE Memanggil Permohonan 2017-2018 PEAC mengundang anggota fakultas tetap reguler institusi pendidikan swasta untuk mengajukan bantuan berdasarkan Program Diseminasi untuk Riset Pendidikan (DARE). Program DARE memberikan dukungan finansial kepada para guru yang akan mempresentasikan makalah penelitian mereka dalam konferensi internasional di luar negeri. Mereka yang berminat untuk mendaftar harus membaca panduan dan menyerahkan persyaratan ke Sekretariat Nasional PEAC. Untuk pertanyaan, silahkan hubungi (02) 840-6006 atau (02) 840-6000 loc. 171. Research Advisory Group (RAG) untuk PEAC mengidentifikasi prioritas penelitian untuk tahun 2017-2018 Grup Penasihat Penelitian (RAG) mengadakan pertemuan 7 Februari 2017 di Oakwood Premier Joy-Nostalg Center Kota Pasig untuk mengidentifikasi prioritas penelitian dan meninjau pedoman Untuk 2017-2018 Anggota kelompok tersebut adalah: Ibu Doris F. Ferrer (PEAC) Dir. Roger B. Masapol (DepEd) Dr. Ben S. Malayang III (Universitas Silliman) Dr. Vincent K. Fabella (Universitas Jose Rizal) Dr. Shirley Dita (DLSU-LIDER) dan Mr. Don Brodeth (Taft Consulting Group). Usec. Jess Mateo, Manajer Program GASTPE, juga anggota RAG. Komite Desain Program mulai merencanakan Konferensi Pendidikan Filipina 2017 Komite Desain Program Konferensi Pendidikan Filipina 2017 mengadakan pertemuan awal pada 1 Februari 2017 yang lalu di Holiday Inn and Suites di Makati. Anggota panitia adalah: Ibu Doris Ferrer (PEAC) Dr. Ester Ogena (PNU) Fr. Enrique Balongag (Sekolah Keuskupan Dumaguete) Dr. Edizon Fermin (Miriam College) Dr. Miguel Rapatan (DLSU-ASIST) dan Tuan Jose Allan Arellano (CEAP). Anggota komite lainnya adalah: Dr. Cynthia Bautista (UP) Dr. Filomena T. Dayagbil (PAFTE) Dr. Brenda B. Corpuz (TUP) dan Pak Karol Mark Yee (CHED). Majelis Tahunan Komite Program Regional GASTPE mengadakan Majelis Umum Komite Program Regional GASTPE (RPCom) pada tanggal 20 Januari 2017 di Makati Diamond Residences. DepEd Undersecretaries Vicky Catibog dan Jess Mateo, Lead Leader dan Program GASTPE ExeCom, masing-masing, serta anggota PEAC, yaitu Direktur Erlinda Capones (NEDA), Fr. Joel E. Tabora, SJ (CEAP), Prof. Dhanna Rodas (PACU), dan Dr. Mike Udtohan (ACSCU) menghadiri majelis yang mengumpulkan Direktur Regional DepEd, Direktur Program Regional PEAC dan Koordinator Program Regional yang merupakan bagian dari RPCom. Lebih dari 53 miliar investasi, termasuk lebih dari 47 miliar dana baru untuk mendukung proyek infrastruktur lokal dan ekonomi selama lebih dari 10 tahun di bawah rencana baru Building Canada mulai tahun 2014-15, termasuk: 32,2 miliar lebih dari 10 tahun di bawah Community Improvement Fund Untuk membangun jalan, angkutan umum, fasilitas rekreasi dan infrastruktur masyarakat lainnya di seluruh Kanada. 14 miliar untuk Membangun Dana Kanada yang baru untuk mendukung proyek ekonomi utama yang memiliki kepentingan nasional, regional dan lokal. 1,25 miliar untuk pembaharuan P3 Canada Fund untuk terus mendukung cara inovatif untuk membangun proyek infrastruktur lebih cepat dan memberi nilai lebih bagi pembayar pajak Kanada melalui kemitraan publik-swasta. 6 miliar ke provinsi, wilayah dan kotamadya di bawah program infrastruktur saat ini di tahun 2014-15 dan seterusnya. Investasi yang signifikan di infrastruktur First Nations seperti jalan, jembatan, sistem energi dan juga prioritas infrastruktur First Nations lainnya, termasuk: 155 juta lebih dari 10 tahun dari Dana Gedung Kanada yang baru, selain alokasi dari Dana Pajak Gas. Sekitar 7 miliar selama 10 tahun ke depan di bawah program yang ada untuk membangun, mengoperasikan dan memelihara infrastruktur cadangan. Lebih dari 10 miliar investasi pada aset infrastruktur publik federal, termasuk: 124,9 juta untuk membangun jembatan antara Pulau Nuns dan Pulau Montreal, sebagai bagian dari Jembatan Baru untuk St. Lawrence yang akan menggantikan Jembatan Champlain. 25 juta selama tiga tahun untuk memajukan proyek Windsor-Detroit International Crossing. 54,7 juta pada 2013-14 untuk mendukung operasi VIA Rails dan 58,2 juta selama lima tahun untuk mempertahankan layanan kereta penumpang untuk masyarakat terpencil yang memiliki akses terbatas ke jaringan transportasi nasional. Hingga 5 juta pada 2013-14 untuk mendukung rehabilitasi Pelabuhan Dryer Kering. Pendanaan lebih lanjut untuk rehabilitasi kawasan parlementer. 248 juta selama lima tahun untuk memperkuat layanan meteorologi Canadas, yang mencakup investasi baru di infrastruktur federal. 19 juta pada 2013-14 untuk perbaikan jalan raya dan jembatan terkait yang melewati taman nasional Canadas. Investasi pada aset infrastruktur federal lainnya, termasuk jembatan, pelabuhan kerajinan kecil, pelabuhan, pangkalan militer dan akomodasi departemen di seluruh negeri. Investasi di infrastruktur umum Canadas menciptakan lapangan kerja, pertumbuhan ekonomi dan memberikan kualitas hidup yang tinggi bagi keluarga di setiap kota dan masyarakat di seluruh negeri. Keunggulan Canadas didukung oleh jaringan jalan raya dan jalan raya, air dan air limbah yang luas dan kompleks, sistem transit dan fasilitas rekreasi dan budaya. Jaringan ini menjangkau setiap komunitas dan menyentuh setiap orang Kanada. Pemerintah provinsi, teritorial dan kota memiliki dan memelihara sekitar 95 persen infrastruktur publik Canadas. Pada saat bersamaan, Pemerintah Kanada adalah penjaga portofolio infrastruktur yang memiliki kepentingan strategis, termasuk berbagai aset terkait transportasi seperti bandara, pelabuhan dan jembatan. Sebagai pengakuan atas pentingnya infrastruktur publik yang modern dan efisien untuk kesejahteraan dan kualitas hidup negara, Pemerintah telah melakukan investasi signifikan sejak tahun 2006 untuk membangun jalan, jembatan, pelabuhan, kereta bawah tanah, kereta api komuter dan infrastruktur umum lainnya. Pemerintah telah melakukannya melalui pendekatan baru terhadap pendanaan federal untuk infrastruktur provinsi, teritorial, dan kota, dimulai dengan rencana Gedung Kanada 2007 dan investasi selanjutnya. Melalui pendekatan ini, Pemerintah memberikan dukungan komprehensif, fleksibel dan dapat diprediksi untuk membantu provinsi, wilayah dan kota merencanakan dan untuk memodernisasi aset infrastruktur mereka. Sejak tahun 2006, pemerintah di seluruh Kanada telah bekerja sama untuk membangun infrastruktur publik yang modern dan efisien di setiap komunitas. Melalui rencana 2007 Building Canada, langkah-langkah stimulus infrastruktur dan inisiatif infrastruktur lainnya, pemerintah federal telah mendukung lebih dari 43.000 proyek di Kanada yang telah menciptakan lapangan kerja dan pertumbuhan ekonomi dan memberikan kontribusi pada kualitas hidup yang lebih tinggi untuk keluarga Kanada. Di bawah rencana 33 miliar bangunan Canada diluncurkan pada tahun 2007, investasi federal terbesar dalam infrastruktur di sejarah Kanada, pemerintah federal telah mendukung lebih dari 12.000 proyek infrastruktur provinsi, teritorial dan kotamadya di seluruh Kanada seperti kereta bawah tanah, kereta api komuter, jalan raya dan jembatan. Dekat dengan 30.000 proyek tambahan telah dilengkapi dengan dukungan dari pemerintah federal di bawah komponen infrastruktur fase stimulus Rencana Aksi Ekonomi yang diluncurkan pada Anggaran 2009. Kerjasama yang erat antara pemerintah federal dan provinsi, mitra teritorial dan kotamadya memungkinkan pendanaan infrastruktur stimulus Untuk disampaikan dengan cepat dan efisien. Economic Action Plan 2012 mengumumkan tambahan 150 juta dana infrastruktur di bawah Dana Peningkatan Infrastruktur Masyarakat untuk mendukung rehabilitasi dan perbaikan fasilitas masyarakat yang ada. Sampai saat ini, 1.400 proyek telah didanai dan proyek selanjutnya akan diumumkan dalam beberapa bulan mendatang. Melalui investasi ini, Pemerintah akan memberikan dukungan yang belum pernah terjadi sebelumnya untuk proyek infrastruktur provinsi, teritorial dan kotamadya. Ini termasuk: Investasi di angkutan umum yang berkontribusi mengurangi kemacetan lalu lintas dan biaya kemacetan, memfasilitasi akses bagi orang-orang Kanada untuk pekerjaan, pendidikan, layanan perawatan kesehatan dan kegiatan sosial. Ini termasuk kontribusi federal untuk: Evergreen Line, proyek transit kereta api ringan di British Columbia yang dikirim melalui kemitraan publik-swasta yang didukung oleh sumbangan federal hingga 350 juta di bawah Building Canada Fund. Region of Waterloo Rapid Transit Project, koridor transit cepat 36 kilometer yang didukung oleh kontribusi federal hingga 263 juta di bawah Building Canada Fund. Perpanjangan Subway Toronto-York Spadina, perpanjangan 8,6 kilometer termasuk enam stasiun baru yang didukung oleh sumbangan federal hingga 622 juta di bawah Building Canada Fund. Proyek Transit Transit Light Ottawa, untuk membuat angkutan umum lebih cepat dan lebih efisien bagi penumpang yang didukung oleh sumbangan federal hingga 600 juta di bawah Building Canada Fund dan Canada Strategic Infrastructure Fund. Investasi di jalan raya, jalan raya dan jembatan membuat sistem transportasi kita lebih efisien dan berkontribusi terhadap pertumbuhan ekonomi dan produktivitas jangka panjang dengan menurunkan biaya kepada perusahaan-perusahaan yang memproduksi dan membawa barang dan jasa mereka ke pasar. Proyek yang didukung meliputi: Penggantian Jembatan Nordenskjold di Carmacks, Yukon melalui jalur dua jalur modern yang melayani masyarakat setempat dan industri pertambangan yang didukung oleh sumbangan federal sebesar 1 juta di bawah Infrastructure Stimulus Fund. Pembangunan jalan kerikil sepanjang musim dari Inuvik ke Tuktoyaktuk di Wilayah Barat Laut yang didukung oleh sumbangan federal hingga 200 juta. The North Saskatchewan River Crossing, komponen penting untuk menyelesaikan keseluruhan Northeast Anthony Henday Drive di Edmonton yang didukung oleh kontribusi federal hingga 36,8 juta di bawah P3 Canada Fund. Southeast Calgary Stoney Trail Ring Road, sebuah proyek jalan lokal di Calgary disampaikan melalui kemitraan publik-swasta yang didukung oleh sumbangan federal hingga 100 juta di bawah Building Canada Fund. Proyek Disraeli Bridges di Winnipeg didukung oleh kontribusi federal sebesar 18,3 juta di bawah Dana Pajak Gas. Ekspansi Highway 8 di Kitchener, Ontario untuk meningkatkan efisiensi, mobilitas dan keamanan jalan raya yang didukung oleh kontribusi 29,9 juta di bawah Building Canada Fund. Penyelesaian Tahap II Jalan Raya 30 yang menghubungkan Vaudreuil-Dorion ke Chateauguay di Quebec, menyampaikan bahwa sebuah kemitraan publik-swasta didukung oleh sumbangan federal sebesar 705 juta di bawah Building Canada Fund. Upgrade ke Charlottetown Perimeter Highway untuk meningkatkan efisiensi pada bagian tersibuk di jalan raya di Prince Edward Island yang didukung oleh sumbangan federal sebesar 7,3 juta di bawah Infrastructure Stimulus Fund. Proyek Antigonish Highway 104 di Nova Scotia, yang melibatkan pembangunan akses terkontrol 15 kilometer yang baru, jalan raya empat jalur yang didukung oleh sumbangan federal hingga 55 juta di bawah Building Canada Fund. Investasi di pelabuhan dan fasilitas modernisasi bandara, untuk meningkatkan efektivitas dan meningkatkan kapasitas, memberikan pilihan transportasi tambahan kepada pengirim barang. Ini termasuk proyek seperti: Peningkatan operasi kereta api dan pelabuhan Port of Vancouver untuk mengakomodasi perkiraan pertumbuhan lalu lintas kereta api dan lalu lintas di North Shore of Burrard Inlet yang didukung oleh sumbangan federal hingga 75 juta di bawah Gateway Asia-Pasifik dan Inisiatif Koridor. Pembangunan dermaga air multi-pengguna baru di Pelabuhan Sept-les untuk memenuhi standar pelayaran global yang didukung oleh sumbangan federal hingga 55 juta di bawah Gateways and Border Crossings Fund. Perluasan terminal di Pelabuhan Halifax yang didukung oleh sumbangan federal hingga 54 juta di bawah Gateways and Border Crossings Fund. Perpanjangan landasan pacu Bandara Deer Deer di Newfoundland dan Labrador didukung oleh sumbangan federal sebesar 3 juta di bawah Infrastructure Stimulus Fund. Proyek Peningkatan Bandara Iqaluit yang akan membawa terminal baru serta fasilitas aeronautika yang ditingkatkan (landasan pacu, taxiway dan apron) untuk mendukung pengembangan layanan udara di Korea Utara didukung oleh kontribusi federal hingga 77,3 juta di bawah P3 Canada Fund. Investasi di institusi pasca sekolah menengah yang mendukung proyek perbaikan, pemeliharaan dan konstruksi di universitas dan perguruan tinggi di Kanada melalui Program Infrastruktur Pengetahuan 2 miliar. Tambahan 3,2 miliar diambil dari mitra proyek untuk investasi total 5,2 miliar di infrastruktur pasca-sekunder. Contoh proyek yang didukung meliputi: Perombakan fasilitas kimia di Universitas Simon Fraser di British Columbia untuk membawa laboratorium ke standar modern yang didukung oleh sumbangan federal sebesar 24,4 juta. Pembangunan tambahan ke Great Plains College di Saskatchewan untuk menyediakan ruang toko baru untuk pelatihan industri yang didukung oleh kontribusi federal sebesar 13,5 juta. Pembangunan sebuah sekolah kedokteran baru di Queens University di Ontario untuk membantu memenuhi permintaan dokter tambahan yang didukung oleh kontribusi federal sebesar 28,8 juta. Pembangunan fasilitas baru di Collegravege Lionel-Groulx di Quebec, didedikasikan untuk program teknis dalam interpretasi teater, produksi dan teater yang didukung oleh sumbangan federal sebesar 2,4 juta. Pembangunan ruang kelas, kantor dan laboratorium baru di Crandall University di New Brunswick, memungkinkan universitas tersebut menggandakan pendaftaran siswa yang didukung oleh sumbangan federal sebesar 6 juta. Retrofit Pusat Ilmu Hayati di Universitas Dalhousie di Nova Scotia, termasuk transformer listrik baru, panel surya untuk memanaskan air dan jendela hemat energi baru yang didukung oleh sumbangan federal sebesar 14,3 juta. Investasi di infrastruktur masyarakat meningkatkan kualitas fasilitas yang dinikmati oleh orang-orang Kanada sekaligus mendukung penciptaan lapangan kerja di masyarakat di seluruh negeri melalui Dana Peningkatan Infrastruktur Masyarakat. Contoh proyek meliputi: Modernisasi Perpustakaan Umum Stettler di Alberta yang didukung oleh sumbangan federal sebesar 250.000. Rehabilitasi dan perluasan Santa-Prime Marina di Quebec didukung oleh sumbangan federal sebesar 237.000. Perbaikan aksesibilitas dan fungsionalitas Leif Erikson Park di Yarmouth, Nova Scotia didukung oleh sumbangan federal sebesar 125.000. Renovasi ke Pusat Pengunjung Frontier Utara di Yellowknife didukung oleh sumbangan federal sebesar 200.000. Gateway dan Koridor Asia-Pasifik adalah jaringan pelabuhan utama di British Columbia, sambungan jalan dan rel utama yang melintasi Kanada dan selatan sampai Amerika Serikat, penyeberangan perbatasan utama dan bandara utama di Kanada. Penting untuk mendukung agenda perdagangan jangka panjang Canadas dan minat kolektif kami dalam menciptakan lapangan kerja dan meningkatkan kemakmuran ekonomi kita. Di bawah Inisiatif Gateway dan Corridor Asia-Pasifik, pemerintah federal telah menginvestasikan 1,4 miliar sampai saat ini di hampir 50 proyek infrastruktur, senilai lebih dari 3,3 miliar, bekerja sama dengan keempat provinsi, kota, dan sektor swasta lainnya. Investasi ini telah membantu ekspor Kanada ke kawasan Asia Pasifik mencapai tingkat rekor. Ikhtisar proyek yang didukung oleh Inisiatif meliputi: Pembangunan koridor jalan raya, kereta api dan utilitas di Pelabuhan Prince Rupert yang didukung oleh sumbangan federal hingga 15 juta. Investasi di Pelabuhan Vancouver untuk meningkatkan efisiensi dan keamanan operasi, termasuk hingga 31 juta di bawah Proyek Koridor South Shore untuk merampingkan jalan dan rel kereta api dan sampai 19,9 juta untuk meningkatkan kapasitas kontainer di Terminal Deltaport. Pembangunan Jalan Perimeter Fraser Selatan, jalan setapak sepanjang 40 kilometer yang menghubungkan Deltaport ke Highway 1 dan Jembatan Teluk Emas di British Columbia, untuk bertindak sebagai rute truk timur-barat yang ditunjuk untuk meningkatkan pergerakan barang internasional dan mengurangi dampak pada kota Jalan didukung oleh kontribusi federal hingga 365 juta. Twinning Jalan Raya Trans-Canada di Taman Nasional Banff, mendukung perdagangan antara ekonomi dinamis Alberta dan British Columbia yang didukung oleh kontribusi federal sebesar 267 juta. Hub Transportasi Global di Regina menyediakan akses yang tepat ke terminal dengan kapasitas lebih besar yang didukung oleh kontribusi federal hingga 27 juta. Dukungan tahunan untuk infrastruktur First Nations lebih dari 1 miliar diberikan terutama melalui Aborigin Affairs dan Northern Development Canada. Investasi program yang signifikan telah diumumkan sejak tahun 2006, termasuk: Lebih dari 1 miliar untuk infrastruktur air minum dan air limbah untuk memenuhi prioritas kesehatan dan keselamatan di masyarakat Kanada. Selama periode 2010-2012 saja, 48 proyek infrastruktur air dan air limbah utama diselesaikan di komunitas First Nations. 200 juta lebih dua tahun untuk infrastruktur sekolah cadangan, diumumkan dalam APBN 2009, yang membantu membangun atau merenovasi 12 sekolah, merupakan bagian dari lebih dari 30 sekolah baru dan 200 renovasi cadangan sejak 2006. Lebih dari 170 juta untuk infrastruktur kesehatan dan kepolisian Tangki bahan bakar, sehingga penyelesaian 175 proyek kesehatan dan 22 proyek infrastruktur kepolisian. Lebih dari 270 juta dari Dana Gedung Kanada 2007 dan Dana Pajak Gas untuk proyek seperti jalan, jembatan, sistem energi dan sekolah. Dikombinasikan dengan sumber pendanaan lainnya, 141 proyek jalan dan jembatan telah selesai, dan 42 sistem energi yang didanai di masyarakat First Nations. Pemerintah Kanada adalah kustodian dari portofolio besar aset infrastruktur seperti gedung perkantoran, laboratorium, jalan, jembatan, pelabuhan, pelabuhan perikanan, fasilitas perbatasan, pangkalan militer, dan banyak lainnya. Investasi sejak 2006 meliputi: 324 juta untuk perbaikan dan rehabilitasi jembatan milik pemerintah federal. 319 juta untuk infrastruktur perbatasan, termasuk fasilitas perbatasan modern dan diperluas di St. Stephen, New Brunswick Niagara-on-the-Lake, Ontario dan Pacific Highway, British Columbia. 194 juta untuk perbaikan modal dan rehabilitasi pelabuhan dan bandara milik pemerintah federal. Ini mencakup berbagai investasi untuk menjaga aset ini dalam kondisi operasi yang baik seperti rehabilitasi dermaga, pelapisan kembali landasan pacu, atau perbaikan bangunan terminal. Hampir 1 miliar untuk memperbaiki dan memelihara pelabuhan kerajinan kecil di Kanada dan untuk mempercepat pembangunan Pelabuhan Pangnirtung di Nunavut. Lebih dari 202 juta orang mempertahankan dan memperbaiki portofolio aset teknik federal, yang mencakup bendungan dan aset khusus lainnya yang berada di Kanada, seperti Dock Graving Esquimalt di British Columbia. 307 juta untuk mempertahankan dan memperbaiki portofolio bangunan federal. Sebagai hasil dari investasi yang signifikan dan berkelanjutan dalam infrastruktur publik oleh semua tingkat pemerintahan, usia rata-rata infrastruktur publik di Kanada telah menurun. Antara tahun 2001 dan 2011, usia rata-rata aset infrastruktur publik inti turun dari puncak 17 tahun ke perkiraan 14,4 tahun ini termasuk penurunan satu tahun penuh antara tahun 2008 dan 2009. Usia rata-rata infrastruktur publik inti Canadas sekarang lebih rendah Dari rata-rata 15,4 tahun selama periode 1961 sampai 2011. Grafik 3.3.1 Rata-rata Usia Infrastruktur Sumber: Infrastructure Canada, 2011-12 Laporan Kinerja Departemen. Pendanaan infrastruktur federal akan mencapai 70 miliar selama 10 tahun. Dalam Anggaran 2011, Pemerintah mengindikasikan akan mengembangkan rencana baru untuk mendukung infrastruktur publik yang akan melampaui batas akhir rencana Pembangunan Kanada tahun 2013-14. Menteri Transportasi, Infrastruktur dan Masyarakat telah berkonsultasi dengan provinsi, wilayah, Federasi Kota-kota Kanada dan pemangku kepentingan lainnya di seluruh negeri mengenai petunjuk untuk investasi federal baru di infrastruktur provinsi, teritorial dan kota, dengan fokus pada praktik terbaik, pelajaran, dan bagaimana Untuk memastikan belanja infrastruktur di masa depan mendukung produktivitas dan pertumbuhan ekonomi. Economic Action Plan 2013 memberikan rencana baru untuk membangun jalan-jalan, jembatan, kereta bawah tanah, kereta api komuter dan infrastruktur publik lainnya bekerjasama dengan provinsi, teritori dan kotamadya. Rencana Gedung Kanada yang baru menyediakan sekitar 53,5 miliar dana baru dan yang sudah ada untuk infrastruktur provinsi, teritorial dan kota. Selain itu, dalam 10 tahun ke depan, Pemerintah akan melakukan investasi signifikan di infrastruktur First Nations, dan aset infrastruktur federal. Secara keseluruhan, dana infrastruktur federal akan berjumlah 70 miliar selama 10 tahun, investasi federal terbesar dalam menciptakan infrastruktur kerja di sejarah Kanada. Rencana baru ini mendukung keunggulan infrastruktur Canadas, enabler kunci pertumbuhan ekonomi dan penciptaan lapangan kerja. Investasi baru akan berfokus pada proyek-proyek yang mempromosikan produktivitas dan pertumbuhan ekonomi, seperti jalan raya dan angkutan umum, dan dirancang untuk memanfaatkan pendekatan inovatif, seperti kemitraan publik-swasta (P3s). Rencana baru tersebut mencakup investasi federal terbesar dan terpanjang di infrastruktur provinsi, teritorial dan kota dalam sejarah Kanada, menyediakan dana jangka panjang yang dapat diprediksi sementara terjangkau dan berkelanjutan dalam jangka panjang. Economic Action Plan 2013 mengusulkan untuk memberikan dukungan federal lebih dari 53 miliar, termasuk lebih dari 47 miliar dana baru selama 10 tahun, mulai tahun 2014-15, untuk proyek infrastruktur provinsi, teritorial dan kota. Rencana asli Gedung Kanada menandai era baru untuk pendanaan infrastruktur federal dan kemitraan baru di antara ketiga tingkat pemerintahan tersebut. Melalui Building Canada, Pemerintah telah memberikan dukungan kepada provinsi, wilayah dan kota untuk investasi strategis dalam proyek-proyek yang berkontribusi terhadap pertumbuhan ekonomi, lingkungan yang bersih dan kota-kota yang kuat dan masyarakat. Menyusul keberhasilan rencana Building Canada 2007, Economic Action Plan 2013 mengusulkan komitmen pendanaan 10 tahun baru untuk infrastruktur provinsi, teritorial dan kotamadya, mulai tahun 2014-15, melalui tiga dana utama: Dana Peningkatan Masyarakat 32,2 miliar yang terdiri dari Diindeks Dana Pajak Gas dan Rabat GST tambahan untuk Kota untuk membangun jalan, angkutan umum, fasilitas rekreasi dan infrastruktur masyarakat lainnya di Kanada yang akan meningkatkan kualitas hidup keluarga Kanada. New Building Canada Fund 14 miliar untuk mendukung proyek infrastruktur ekonomi utama yang memiliki kepentingan nasional, regional dan lokal. Renewed P3 Canada Fund 1,25 miliar untuk terus mendukung cara inovatif untuk membangun proyek infrastruktur lebih cepat dan memberi nilai lebih yang lebih baik bagi pembayar pajak Kanada melalui kemitraan publik-swasta. Selain itu, sekitar 6 miliar dukungan federal akan diberikan ke provinsi, wilayah dan kotamadya di bawah program infrastruktur saat ini di tahun 2014-15 dan seterusnya. Ini membawa total investasi federal di infrastruktur provinsi, teritorial dan kotamadya sampai sekitar 53,5 miliar dari 2014-15 sampai 2023-24 rata-rata 5,35 miliar per tahun selama periode 10 tahun (Grafik 3.3.2). Antara tahun 2006 dan 2023, investasi federal di infrastruktur provinsi, teritorial dan lokal diperkirakan mencapai hampir 90 miliar. Komitmen jangka panjang ini akan menawarkan prediktabilitas dan fleksibilitas ke provinsi, wilayah dan kotamadya untuk merencanakan dan memberikan proyek infrastruktur yang besar secara efisien. Akan ada peninjauan lima tahun, pada akhir 2018-19, untuk memastikan bahwa tujuan tercapai. Bagan 3.3.2 Investasi Federal di Wilayah-Teritorial Teritorial Infrastruktur Sumber: Infrastruktur Kanada, Departemen Keuangan. Untuk mendorong keterlibatan sektor swasta yang lebih besar dalam penyediaan infrastruktur publik dan memastikan nilai yang lebih baik untuk pembayar pajak, proyek dengan biaya modal lebih dari 100 juta yang diserahkan untuk dana federal di bawah Dana Bangunan Kanada yang baru akan tunduk pada layar P3 untuk menentukan Apakah nilai uang yang lebih baik dapat dicapai melalui pengadaan P3. Pemerintah juga akan mendorong provinsi, wilayah dan kotamadya untuk mendukung penggunaan magang di proyek infrastruktur yang menerima dana federal. Untuk memaksimalkan nilai dan memastikan keberlanjutan investasi di infrastruktur publik kita, Pemerintah mendorong semua yurisdiksi untuk melakukan penilaian biaya siklus hidup dan mengembangkan rencana pengelolaan aset modal yang kuat. Alat ini memungkinkan pemerintah untuk memperhitungkan biaya yang terkait dengan pembangunan aset, serta biaya pemeliharaan dan rehabilitasi selama siklus hidup proyek. Dengan memasukkan analisis dan perencanaan tersebut dalam keputusan investasi infrastruktur, pemerintah memaksimalkan nilai investasi ini untuk pembayar pajak dengan meminimalkan biaya pemeliharaan aset dengan standar yang dapat diterima dan memastikan keberlanjutan dari waktu ke waktu. Pendekatan ini berkontribusi terhadap peningkatan manfaat bagi masyarakat kita. Economic Action Plan 2013 mengusulkan Dana Peningkatan Komunitas dengan dana 32,2 miliar selama 10 tahun, terdiri dari Dana Pajak Gas yang terindeks dan Ranjau GST tambahan untuk Kota-kota untuk menawarkan dana yang stabil dan dapat diprediksi untuk mendukung proyek infrastruktur masyarakat seperti jalan, angkutan umum dan fasilitas rekreasi. Sejak tahun 2006, Pemerintah telah menyediakan dana infrastruktur yang meningkat ke kota. Dalam Anggaran 2011, Pemerintah berkomitmen untuk bekerja sama dengan provinsi, wilayah dan Federasi Kota Kanada untuk mengembangkan rencana jangka panjang baru untuk infrastruktur. Dalam konsultasi mengenai rencana baru tersebut, walikota dari seluruh penjuru negeri dan Federasi Kota Kanada meminta agar dana federal untuk proyek kotamadya diindeks dan fleksibilitas yang lebih besar diberikan kepada pemerintah kota untuk memenuhi kebutuhan infrastruktur spesifik mereka. Pemerintah menanggapi permintaan dari walikota Canadas dan Federasi Kota Kanada dengan memperkenalkan Dana Peningkatan Masyarakat. Community Improvement Fund menyediakan dana untuk kotamadya Kanada 32,2 miliar selama 10 tahun dari rencana Building Canada yang baru. Pendanaan dimulai sekitar 2,9 miliar pada tahun 2014-15 dan meningkat menjadi lebih dari 3,6 miliar pada tahun 2023ndash24. Dana Peningkatan Komunitas yang baru akan memberi kemudahan kepada pemerintah daerah untuk mengalokasikan dukungan federal ke berbagai prioritas infrastruktur yang lebih luas. Dana Peningkatan Masyarakat meliputi: 21,8 miliar selama 10 tahun melalui pembayaran Dana Perpajakan Gas. Saat ini 2 miliar per tahun, diusulkan agar pembayaran ini diindeks sebesar 2 persen per tahun, dimulai pada 2014-15, dengan kenaikan yang akan diterapkan dalam 100 juta kenaikan. Pemerintah akan menyetujui perjanjian Dana Perpajakan Gas yang baru sebelum akhir perjanjian yang berlaku pada tanggal 31 Maret 2014. Daftar kategori investasi yang layak akan diperluas meliputi: jalan raya, bandara lokal dan regional, jalur pendek, kapal laut pendek , disaster mitigation, broadband and connectivity, brownfield redevelopment, culture, tourism, sport, and recreation. 10.4 billion over 10 years under the incremental GST Rebate for Municipalities to provide communities with additional resources to address their infrastructure priorities, from the construction of new infrastructure assets to the maintenance and operation of existing public infrastructure and facilities. Canadas Gas Tax Fund provides predictable, long-term funding for Canadian municipalities to help them build and revitalize their public infrastructure assets. Communities choose projects locally and prioritize them according to their needs. From Bonavista, Newfoundland and Labrador, to Prince George, British Columbia, to Tuktoyaktuk, Northwest Territories, the Gas Tax Fund is making a difference in communities across Canada. To date, over 3,600 municipalities have benefited from the financial support and flexibility the program offers, and since its inception, over 13,000 projects across Canada have received funding. On April 1, 2009, the Government doubled Gas Tax Fund payments from 1billion to 2 billion per year for Canadas municipalities. On December15,2011, federal legislation made payments under the Fund a permanent source offederal infrastructure support. Economic Action Plan 2013 proposes to provide 14 billion over 10 years for a new Building Canada Fund to support infrastructure projects of national, regional and local significance. The new Building Canada Fund will have two components: A 4-billion National Infrastructure Component that will support investments in projects of national significance, particularly those that support job creation, economic growth and productivity, such as highways, public transit, and gateway and trade corridor-related infrastructure. Investments in disaster mitigation infrastructure projects will also be eligible. Funding under the National Infrastructure Component will be allocated to projects on a merit basis. A 10-billion Provincial-Territorial Infrastructure Component that will support projects of national, regional and local significance in communities across the country in a broader range of categories including highways, public transit, drinking water, wastewater, connectivity and broadband, and innovation (including infrastructure at post-secondary institutions that supports advanced research and teaching). This component will include base funding for each province and territory details on provincial and territorial funding allocations will be announced in the near future. The Minister of Transport, Infrastructure and Communities will work on outstanding program parameters with the Federation of Canadian Municipalities and other stakeholders for the new Building Canada Fund and will announce details later this year. Economic Action Plan 2013 proposes to provide 1.25 billion over five years on a cash basis to renew the P3 Canada Fund. Public-private partnerships (P3s) can improve the delivery of public infrastructure for Canadians and provide better value for money for taxpayers. Under P3 arrangements, governments continue to own the infrastructure assets while the private sector plays a larger role in their design, construction, operation and maintenance. In doing so, the private sector assumes a greater share of project risks. The risk transfer gives incentives to the private sector partner to deliver projects on time and on budget, lowering costs over the full life cycle of assets. P3s mean that Canadians benefit from quality, high-performing infrastructure. Canada is becoming a leader in P3s and the Government is committed to supporting the further development of the Canadian P3 market. In 2008, the Government established PPP Canada Inc. a federal Crown corporation to lead efforts in encouraging the use of P3s when they can generate better value for money. PPP Canada has managed the 1.25-billion P3 Canada Fund, the first infrastructure program in Canada dedicated to supporting infrastructure projects delivered through a P3 approach. With the recent announcement of a significant P3 Canada Fund contribution to the Southeast Light Rail Transit Line in Edmonton, over 715 million in federal contributions have been committed toward 15 projects, with 3.2 billion in capital costs. On March 14, 2013, the Government announced a P3 Canada Fund contribution of upto 250 million for the Southeast Light Rail Transit Line project in Edmonton. This project will provide additional transit capacity in Edmonton, supporting the development of an efficient and sustainable transportation system and contributing to long-term economic growth and productivity. The private sector partner of the City of Edmonton will be responsible for the design, construction, financing, operation and maintenance of the project, providing budget and timing certainty to theCity, and delivering value for taxpayers. Building on progress achieved, Economic Action Plan 2013 proposes to provide 1.25 billion over five years on a cash basis to renew the P3 Canada Fund. The Fund will continue to focus on supporting innovative P3 projects that deliver value for money for all Canadians and develop the Canadian P3 market. This new investment will focus, in particular, on jurisdictions inexperienced with P3 procurement. PPP Canada Inc. has successfully launched four successive rounds of calls forproject applications to the P3 Canada Fund from provinces, territories and municipalities. Funding has been committed toward 15 P3 projects, totalling over 715 million in federal contributions to projects with more than3.2 billion in capital costs. P3 Canada Fund contributions include up to: 29.1 million for the Downtown Eastside Housing Renewal in Vancouver, a design-build-finance-maintain project that is currently under construction and will restore 13 single-room occupancy hotels to provide the homeless with access to stable housing with integrated support services. 3.8 million for the Lac La Biche Wastewater Treatment Plant in Alberta, currently under construction, which will provide a new biological nutrient removal facility to service 15,000 residents. 24.5 million for the Chief Peguis Trail Extension in Winnipeg, a design-build-finance-maintain project, which was completed in 2011 on budget and one year ahead of schedule. 25 million for a train maintenance centre in the borough of Lachine in Montreal, Quebec that is currently under construction and that will maintain the current and future fleet of the Agence mtropolitaine de transport commuter trains and enhance service reliability for the benefit of public transit users. Economic Action Plan 2013 proposes to implement a P3 screen on projects with capital costs of more than 100 million submitted by provinces, territories and municipalities for funding under the Building Canada Fund. Canadians deserve the best public services for their hard-earned tax dollars, and when an infrastructure project can generate better value for money by being delivered through a P3, it should be delivered as a P3. In Budget 2011, the Government announced that all federal projects having capital costs of 100 million or more would be subject to a P3 Screen to determine whether a P3 will deliver greater value for taxpayers. Building on this initiative, Economic Action Plan 2013 proposes to implement a P3 Screen for projects with capital costs of more than 100 million that provinces, territories and municipalities submit for federal funding under the new Building Canada Fund. These project proposals will be assessed to determine whether they could deliver better value through P3 procurement than through traditional procurement. When rigorous analysis shows that a project can be successfully delivered as a P3 and generate positive value for money, the federal government will make P3 procurement a condition of its contribution towards that project. PPP Canada is the Government of Canadas centre of expertise on P3s and will play a key role in supporting the application of the P3 screen. Economic Action Plan 2013 proposes to allocate 10 million from the renewed P3 Canada Fund to support procurement option assessments undertaken by provinces, territories and municipalities. Under the P3 Screen, provinces, territories and municipalities will be required to assess a range of procurement options, including a P3 approach, when large infrastructure projects present P3 potential. This assessment will include a rigorous quantitative and financial analysis to determine whether a P3 approach would provide better value for money than a traditional procurement approach. Economic Action Plan 2013 proposes to allocate 10 million from the renewed P3 Canada Fund to cover up to 50 per cent of the costs incurred by provinces, territories and municipalities for their procurement options assessments (to a limit of 200,000 per project). Further details regarding the application of the screen will be announced later this year. Table 3.3.1 Federal Support for Provincial-Territorial-Municipal Infrastructure on a cash basis, millions of dollars Economic Action Plan 2013 proposes 155 million over 10 years for First Nations on-reserve infrastructure from the new Building Canada Fund, in addition to allocations from the Gas Tax Fund. Under the new Building Canada plan, the Government will continue to provide support for investments in First Nations infrastructure projects on reserve such as roads, bridges, energy systems as well as other First Nations infrastructure priorities. Funding of 155 million over 10 years will be allocated from the National Infrastructure Component of the new Building Canada Fund to the First Nations Infrastructure Fund managed by Aboriginal Affairs and Northern Development Canada. Funding from the Gas Tax Fund component of the Community Improvement Fund will also be allocated to the First Nations Infrastructure Fund, with this allocation based on First Nations population on reserve. This Fund focuses on five priority areas: improving First Nations energy systems (linking to power grids, sustainable energy systems), broadband connectivity, garbage disposal (including landfills and recycling), road and bridge projects, and improving community capacity for infrastructure planning. Funding allocated from the new Building Canada Fund and the Gas Tax Fund will be at least equivalent to the level of funding allocated under the 2007 Building Canada plan. In addition to funding under the new Building Canada plan, Capital Facilities and Maintenance Program will continue to provide support to First Nations primarily for health and safety related infrastructure projects such as water, wastewater treatment facilities, schools, and housing. Approximately 7 billion over the next 10 years will be invested under existing programming in building, operating and maintaining infrastructure on reserve. Investments in federal infrastructure support employment opportunities in communities across Canada and contribute to economic growth. Federal infrastructure plays a critical role in enabling the safe and efficient movement of people and goods. It also supports government operations and the delivery of services to Canadians. In addition to the new Building Canada plan, the federal government will also continue to make significant investments in its infrastructure asset portfolio. Over the next five years, the Government will invest over 10 billion on a cash basis in federal infrastructure assets. The Government will continue to ensure that federal infrastructure projects use the procurement approach that provides the best value for money, building on the success of federal projects delivered through P3 arrangements. For example, construction of the new headquarters for the Royal Canadian Mounted Police E Division in Surrey, British Columbia, was completed in December 2012. The Long-Term Accommodation for the Communications Security Establishment Canada in Ottawa is currently under construction, and is expected to be completed in 2014. The Government is actively exploring the P3 potential of its two major bridge projects, the New Bridge for the St. Lawrence and the Windsor-Detroit International Crossing, in order to ensure value for taxpayers in delivering infrastructure investments for these important trade corridors. The Government is also changing its approach to procurement and will introduce measures to support the use of apprentices in federal construction and maintenance contracts. Economic Action Plan 2013 proposes to provide up to 124.9 million to build a bridge-causeway between Nuns Island and the Island of Montreal. The Champlain Bridge is the busiest crossing in Canada. It provides an essential link for local commuters, and for businesses getting their goods to the marketplace. The Government has announced that it will build a new bridge over the St. Lawrence River to replace the Champlain Bridge and associated infrastructure. The environmental assessment process was launched in 2012 and consultations with partners and stakeholders are ongoing. In addition, contracts have been awarded to advance preparatory work supporting the procurement process. Delivering this project on time and on budget will be critical to ensuring that users can benefit from state-of-the-art, durable and affordable bridge corridor assets. The New Bridge for the St. Lawrence will provide lasting economic benefits to the municipalities on each side of the river and more broadly to the region as a whole. Economic Action Plan 2013 proposes to provide up to 124.9 million to build a bridge-causeway to ensure the safety of commuters between Nuns Island and the Island of Montreal during the construction of the New Bridge for the St. Lawrence. Economic Action Plan 2013 proposes to provide 25 million over three years to advance the Windsor-Detroit International Crossing project. The Windsor-Detroit trade corridor is the most important international land crossing in North America, handling almost 30 per cent of Canada-U.S. surface trade worth 120 billion per year. An efficient and secure trade corridor is essential to both our economies. The Government has made progress in advancing the construction of a new bridge to facilitate the efficient movement of goods and people between Windsor and Detroit by concluding a historic governance agreement with the State of Michigan in June 2012 and by enacting legislation in December 2012. The overall Windsor-Detroit International Crossing project will include a new six-lane bridge across the Detroit River, customs plazas on both sides of the border and a connection to Interstate 75 in Michigan. Construction of a parkway that will connect the new crossing to Highway 401 is already underway as a separate P3 project, supported by a federal contribution from the Gateways and Border Crossings Fund. Economic Action Plan 2013 proposes to provide 25 million over three years to advance this important project into pre-procurement. Economic Action Plan 2013 proposes to provide 54.7 million in 2013-14 to support VIA Rails operations and 58.2 million over five years to maintain passenger rail services for remote communities that have limited access to the national transportation network. Economic Action Plan 2013 proposes to provide 54.7 million in 2013-14 to support VIA Rails operations, and investments in its equipment. Rail operators supported under Transport Canadas Regional and Remote Passenger Rail Class Contribution Program provide the only surface transportation option to several communities with no road links. Economic Action Plan 2013 proposes to provide 58.2 million over five years starting in 2013-14 to ensure that existing passenger rail services to remote communities can be continued. Economic Action Plan 2013 proposes to provide up to 5 million in 2013-14 to support the rehabilitation of the Port Weller Dry Docks. The St. Lawrence Seaway is an integral part of our transportation system and is vital for Canadas trade. The Port Weller Dry Docks facility, a federal asset located on the Welland Canal near St. Catharines and managed by the St. Lawrence Seaway Management Corporation, is 80 years old and in need of repairs. Economic Action Plan 2013 proposes to provide up to 5 million to support the replacement of the main gate and other required repairs at the Port Weller Dry Docks, contingent on the private sector partner leasing the property contributing funds that match the federal investment. Economic Action Plan 2013 proposes to provide further support for the rehabilitation of the Parliamentary Precinct. The historical Parliamentary Precinct is the seat of our countrys parliamentary system and the focal point for national celebration and expression of democracy. In 2007, the Government laid out a comprehensive approach for the rehabilitation of the Parliament Buildings that also included the creation of a secure and welcoming environment for parliamentarians, staff, visitors and tourists. The immediate objective of this plan is the rehabilitation of the three main Parliament Buildings: the West, Centre and East Blocks. Economic Action Plan 2013 proposes to provide further support for the rehabilitation of the West Block and Government Conference Centre buildings, as well as for the East Block exterior masonry rehabilitation. Economic Action Plan 2013 proposes to provide 248 million over five years on a cash basis to Environment Canada to revitalize Canadas weather services. For over 140 years, the Meteorological Service of Canada has provided Canadians with up-to-date information about the weather. This information is vital for protecting the health, safety, security and economic well-being of individuals and communities. To revitalize Canadas weather services, Economic Action Plan 2013 proposes to provide 248 million over five years on a cash basis to Environment Canada, including new investments in federal infrastructure such as radars, and surface weather and climate monitoring stations. Canadians will benefit from more timely, accurate weather warnings and forecasts in all parts of the country as a result of these important investments. Economic Action Plan 2013 proposes to provide 19 million in 2013-14 on a cash basis to the Parks Canada Agency for improvements to highways and associated bridges that pass through Canadas national parks. The Parks Canada Agency is one of the largest guardians of capital assets in the federal government. To ensure that Canadians can continue to have safe and reliable road access to parks and other protected areas, Economic Action Plan 2013 proposes to provide 19 million in 2013-14 on a cash basis to the Parks Canada Agency for improvements to highways and associated bridges that pass through our national parks, including the Trans-Canada Highway. In addition to new investments announced in Economic Action Plan 2013, the Government will make a number of significant investments in federal infrastructure assets across the country over the next five years. For example, the Government will support the safe and efficient movement of people and goods through investments in transportation infrastructure, including: 53 million over the next two years for major steel repairs and reinforcement of the Honor Mercier Bridge in the Montreal area, bringing the total investment in this project to 135 million. An estimated 81 million over the next four years in capital improvements at federally-owned airports across the country. 195 million over the next five years for the rehabilitation of various engineering (e.g. bridges, dams, highways) and marine assets owned by the Government. Investments in border infrastructure are also being pursued under the Beyond the Border Action Plan (and are described in greater detail in Chapter 3.2mdashHelping Manufacturers and Businesses Succeed in the Global Economy). The Government will also invest approximately 450 million over five years under the Small Craft Harbours Program, which supports maintenance and repair of the national network of harbours, providing fishermen on Canadas coasts with safe and accessible facilities. The Government will also invest in assets to support the operations of the Canadian Armed Forces. Examples include: An estimated 116 million over the next five years to support the construction of the Nanisivik naval berth and refuelling facility in Nunavut, which will support Canadas Arctic Offshore patrol ships. More than 430 million over five years beginning in 2014-15 to replace the major operational A and B jetties at Canadian Forces Base Esquimalt to serve the needs of the Royal Canadian Navys Pacific Fleet. Table 3.3.2 Federal Investments in Job Creating Infrastructure millions of dollarsNew Player Seeks to Revive VRDO Market Image: Bloomberg News This was a multi-year process, and not an easy one, but we ultimately want to be the go-to place for variable rate debt, said Rob Novembre, Claritys chief executive officer and president. Clarity Bidrate Alternative Trading System, a division of Arbor Research Trading, LLC, is signing up investors and lining up potential issuers for an attempt to revolutionize and rejuvenate the variable rate demand obligation market. Our goals include deepening and broadening the market, a high degree of transparency, centralizing the market and using competitive pricing, Claritys chief executive officer and president, Robert Novembre, said in an interview last month. The trading system will give us a healthier, more honest market, with increased liquidity, much greater pre-trading execution information and transparency. VRDOs are long term municipal bonds with floating interest rates that are reset periodically, typically weekly. Along with auction rate securities, the securities were attractive to municipal issuers because they allowed for the sale of long-term obligations using lower short-term interest rates. They offered investors a better return than traditional money market investments. In 2008, however, the collapse of Lehman Brothers triggered a run on the securities. The average VRDO rate shot up to almost 8 from under 3, as investors worried about whether banking institutions that provided liquidity facilities to back the securities would be able to meet their obligations, according to a June research report from the Federal Reserve Bank of Atlanta. Issuance of VRDOs has fallen to about 11 billion in 2014 from nearly 120 billion in 2008, according to the Municipal Securities Rulemaking Board. The par value of VRDOs outstanding has slipped to 207 billion from 222 billion in March 2014. The market has incredibly low yields and it doesnt look like an industry that needs more buyers, said Matt Fabian, partner at Municipal Market Analytics. I think it is likely to continue to shrink for the foreseeable future. According to Novembre, Clarity is built around the lessons learned from the financial crisis. The system promotes transparency, offering real-time empirical data not available in todays market, pre-tradeexecution information and competitive pricing, he said. The system seeks to level the playing field, promoting a deeper and wider investor base. By providing easy access and a place where investors and issuers can meet directly in an unbiased market not influenced by a middleman, the system should increase the potential for new issuance, Novembre said. Claritys goal is two-pronged: one, to offer better security structures and two, to offer an efficient marketplace, where all parties can benefit with Claritys success, Novembre said. The system is intended to help liquidity providers assess risk and market depth better, and allow issuers to price in a deeper, broader, competitive market and, ultimately, give investors more product to buy. This market place has been the same for the last 30 years while everything else in the world has changed, in many ways due to technology, Novembre said. The time is now. This market is begging for technological advancement, centralization of the marketplace and from a market perspective, its becoming a matter of when, not if short rates go up, making the Clarity model ever more meaningful to issuers and investors. This was a multi-year process, and not an easy one, but we ultimately want to be the go-to place for variable rate debt, said Novembre. In our view, we created more efficient structures and much needed and improved marketplace, leveling the playing field and augmenting the depth of investors and issuer base. Michael Decker, a managing director, municipal securities at SIFMA, said some issuers experiences using VRDO products during the crisis made them more wary of the risks. However, an even bigger factor is that banks are offering direct loan products or accepting placements as an alternative to public VRDO products, said Decker. Another problem facing the VRDO market is that it is so compressed, according to Fabian. There are only so many buyers and that puts a downward pressure on supply due to the Volker rule and you have incredibly low yields, he said, referencing the SIFMA Municipal Swap Index, which was at .02 for the first fourteen weeks of the year. It reached as high as 0.11 on May 20, but, as of July 8, it was down to 0.04. The Volcker rule places limits on certain speculative investments by banks. According to the MSRB, the number of interest rate resets on municipal variable-rate demand obligations also hit a new low of 133,896 in the first quarter of 2015, the lowest quarterly number since the MSRB began collecting the information in April 2009, the board said. Previous MSRB reports have noted a decline in the VRDO market since 2009. Novembre said Clarity isnt hanging its hat on biddable VRDOs, as it also has a platform for biddable tender option bonds, biddable market liquidity variable rate securities, and biddable floating rate notes. The former two require liquidity facilities and the latter two dont. We are introducing competitive pricing to all of these markets, with centralization of the market place, which we believe will centralize liquidity, he said. We designed Clarity to be extremely user friendly, easily accessible and highly transparent. Clarity is designed to be an ATS where issuers and investors meet directly, so there is no middle man that could cloud up the market, using their own balance sheet. At The Bond Buyer Online . we have gone to great lengths to implement fair information practices that are designed to protect your privacy. We believe that everyone benefits from the free flow of information and pledge to gather and use information about you responsibly. 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