Economic Recovery Strategy: Infastructure
The City of Brampton will be moving forward short and long-term infrastructure projects that can take advantage of federal and provincial stimulus funding, and supporting private sector infrastructure projects that help stimulate economic activity.
Examples of this work include funding support for the expansion of Algoma University Brampton Campus, building a new Transit Facility in east Brampton, building a new Centre for Innovation in the downtown with a new central library, advocacy to expedite two-way-all-day GO, funding advocacy for Peel Memorial Phase II, and advocacy for funding and expediting the long-term Riverwalk project that includes flood mitigation in the downtown.
The new Transit Facility will be constructed in phases and support a fully electric, zero-emissions bus fleet in the future - creating 1,900 permanent new jobs. The fully electric transit maintenance and storage facility will be one of the largest new bus facilities in North America and will contribute to job creation in all industries as it connects employers with labour markets and attracts prospective residents to the City.
Riverwalk is a long-term catalytic project that will significantly improve the resiliency and sustainability of Downtown Brampton, while creating vibrant public spaces that enable residents to work, live and play. The construction of Riverwalk is many years away but will have a transformative economic impact. Past estimates indicate potential for 2,700 new housing units, 2,200 new jobs, and $1.7 billion to the Canadian economy from the ongoing economic contributions of business activities within new non-residential gross floor area in Downtown Brampton. In addition, the construction of Riverwalk would eliminate upwards of $226 million in direct and indirect flood damages to residents and businesses located in the designated area.