In a difficult public health context, Propulsion Québec welcomes the Quebec government's decision to make health and education its priorities. Despite the situation, the government nevertheless continued to pursue its goal of accelerating growth and transitioning to a new economy.
Propulsion Québec welcomes the Quebec government's announcements and the new measures that will total more than 4 billion dollars by 2025-2026.
The importance of funding programs
With an announcement of $4 billion, the government aims to increase productivity and stimulate business investment, create wealth through innovation, support workforce retraining, and sustainably develop our economy.
" This is excellent news for Quebec's electric and intelligent transportation ecosystem, which brings together all of the government's growth objectives with an activity decisively oriented toward a green economy, a strong potential for innovation, and a growing demand for labour" confirms Sarah Houde, President and CEO of Propulsion Québec.
Several investments announced by the government align perfectly with the growth objectives of our industry:
- The Quebec Infrastructure Plan (PQI) benefits from investments of $135 billion over the 2021-2031 period. $1.5 billion will be dedicated to improving mobility and electrifying public transit, with:
- $453 million for the 2030 Green Economy Plan, which constitutes the framework policy for electrification and combating climate change;
- $920 million dedicated to the public transit sector to promote citizens' mobility, increase traffic flow, and electrify public transit;
$425 million reserved for the central fund to carry out major projects.
- Propulsion Québec presented recommendations to the Quebec Ministry of Finance last January as part of the pre-budget consultations and is pleased to see that several of them were retained, including:
- $15 million over two years to continue the development of the battery sector;
- $1.6 million over two years for the Financial Support Program for Responsible Development for the mining sector;
$22 million over five years to encourage the development of projects in the critical and strategic minerals sector.
Although an imbalance still remains in the current budget, the government confirms its intention to rebalance investments over 10 years between public transit and the road network, to the tune of $49 billion each by 2031.
Supporting Quebec procurement to develop a sustainable, local economy
The issue of local procurement was supported by Propulsion Québec during the Ministry of Finance's pre-budget consultation last January. These measures are enthusiastically welcomed by the cluster." Small and medium-sized enterprises represent a large majority of Quebec's electric and intelligent transportation ecosystem. Members of Propulsion Québec and all industry players will be able to see, through the government's initiatives, real support."
adds Sarah Houde, President and CEO of Propulsion Québec.
- Propulsion Québec is pleased with the local orientation proposed by the government through two initiatives that should be put in place this spring:
- Release of a strategy to enable Quebec companies, particularly SMEs, to more easily access public procurement;
Tabling by the Government Procurement Centre of a government procurement plan that will take Quebec purchasing into account in acquisition strategies for goods and services.
Propulsion Québec hopes that their implementation will align with the recommendations previously presented to the government.To consult the full budget plan click >>
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