Toronto/CMEDIA: Ontario introduced today the Reducing Inefficiencies Act (Infrastructure Statute Law Amendments), 2023 that, if passed, will enhance fiscal management, cut red tape, and save taxpayers dollars, a news release said.
The proposed legislation would not only facilitate the province to improve the management of real estate but also bring efficiency changes to the environmental assessment process.
“Our government is looking to take another meaningful step towards reducing inefficiency and improving oversight with the introduction of the Reducing Inefficiencies Act (Infrastructure Statute Law Amendments), 2023…The changes introduced today, if passed, would help our government cut red tape, save taxpayers money, and streamline processes so we can continue to practice good governance on behalf of the people of Ontario,” said Kinga Surma, Minister of Infrastructure.
A framework would be established, as part of the proposed legislation, to modify the real estate authority of 14 entities under the oversight of eight ministries. This will be done through amendments to the Ministry of Infrastructure Act, 2011 and complementary changes to nine other Acts.
The proposed legislation, if passed, would also facilitate the Minister of the Environment, Conservation and Parks, on a project-specific basis, to alter or waive the 30-day waiting period for Class Environmental Assessments projects.
Almost 50-year-old too costly, and too burdensome, and slow environmental assessment process is being modernized by the government.
The proposed changes will help projects to be built faster, without compromising environmental standards and protections.
#Ontario; #boostingEconomicGrowth; #ReducingRedTape; #savingtaxpayersmoney
