Risk Management in Infrastructure Planning and Delivery

To be globally competitive in a fast-changing economy, Canada and Ontario face a narrow window to modernize critical infrastructure. This report explores key risk management considerations as Canadian governments look to seize this opportunity over the next decade. Failure to act decisively will result in higher long-term costs, suppressed growth, and diminished public trust in government decision-making.

While it is important to act quickly, it is equally important to do so through disciplined planning and proper risk management to fully unlock productivity, attract capital, and deliver durable benefits for households and businesses. Otherwise, resources will be tied up in long-term projects, which may not yield the expected economic benefits. Successful delivery of the infrastructure needed to ready Ontario (and by extension Canada) for the economy of the future will depend on a disciplined risk management approach to infrastructure planning and delivery.