Ontario Leads Infrastructure Trade Mission to Germany
Minister of Infrastructure to Explore Investment and Partnership Opportunities
STUTTGART— Ontario's government is working for the people to build on the government's commitment to deliver infrastructure and make Ontario open for jobs and open for business.
Today, Minister of Infrastructure Monte McNaughton is in Germany to reinforce that Ontario is making it easy to grow a business, from construction to manufacturing.
The mission to Germany takes place March 14 to 21 and will include visits to Stuttgart and Berlin.
While in Germany, the Minister will meet with some of the world's largest companies in infrastructure construction and public-private partnerships. He will participate in targeted stakeholder roundtables on global construction markets, project finance and skills development.
The Minister will deliver two keynote addresses at the annual Infrastructure Investor Global Summit in Berlin, the largest infrastructure investment summit in the world. This year, the conference is attracting more than 500 institutional investors who represent $1 trillion in capital.
"Ontario is open for business, and we know that the best places to do business are those that are forward-thinking," said McNaughton. "Our message to the global investment community is simple: Ontario is a great place to put your money. We are lowering taxes and reducing regulatory burden to make it even easier for businesses to grow and thrive here."
Minister McNaughton will be promoting Ontario and its agency, Infrastructure Ontario, during the trip. Infrastructure Ontario is internationally recognized for its innovative role in managing private-public partnerships to deliver infrastructure on time and on budget.
"I am excited about building international business relationships, and to announce several interesting opportunities during the trip," said McNaughton. "I'll have more to say about these in the coming days."
- The 2019 Global Summit includes seven co-located events: Global Investor Forum, Emerging Markets Forum, Global Projects Forum, Energy Transition Forum, ESG & Sustainability Forum, Digital Infrastructure Forum and Infrastructure Debt Forum.
- Seventy per cent of Infrastructure Ontario’s Public-Private Partnership (P3) projects are built on time and 95 per cent on budget.
- Latest figures show Germany is Ontario’s 5th largest export partner. In 2017, Ontario’s exports to Germany reached US$1.5 billion. Major trade products include turbo-jets, turbo-propellers and motor vehicles.
- More than 1 million Ontario residents identify as having German heritage.