At the end of 2022, owners of core public infrastructure estimated that $294.4 billion was required for the rehabilitation or replacement of existing core public infrastructure in Canada to upgrade or maintain assets in good condition.

In 2022, while $31.3 billion was invested to renew existing assets (11% of required renewal budgets), there was a decrease in the share of assets in good or very good condition from 59% in 2020 to 55% in 2022.

At $160.8 billion, transportation infrastructure including roads, bridges, tunnels, active transportation networks and public transit assets accounted for over half (55%) of the required renewal budgets in 2022. That share was higher in rural municipalities (61%) than in urban municipalities (48%).

Rural municipalities require more investments per capita to maintain their assets in good working condition. While less than one-fifth (18%) of Canada's population lived in rural areas in 2021, these areas accounted for almost one-third (32%) of municipalities' required renewal budgets in 2022. 

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