Historically low interest rates should be able to help pay for repairs along Algonquin, according to Todd Lever. The Liberal candidate for Timmins-James Bay says there is a big difference between 2.99 per cent interest and six per cent. He says that can double the amount spent on interest.
The federal government can borrow at the cheapest rate possible, and Lever says they should be leading the infrastructure charge. Right now it’s up to the municipality, which Lever calls an upside-down scenario. He says the feds should be paying for at least a third of the costs, if not more.
Lever says the economy will always come back around, especially in resource based communities, and we need to be ready with roads built, and power lines in. He says putting the money into local infrastructure projects is paving the way for future success in Timmins, because companies can come in, spend some money, and create jobs.
Running against Lever in Monday’s election is NDP candidate Charlie Angus, Conservative candidate John Curley, and Green Party candidate Max Kennedy.
Full answer from Lever: