With government announcements earlier this week committing billions of dollars in infrastructure spending over the next few years, there will be significant development and growth in the building of roads, schools, hospitals and bridges, says Morton Gross, a senior partner at the Toronto office of Borden Ladner Gervais LLP.

This development, Gross says, will be 'both in terms of what I call traditional infrastructure – where the government does it directly – as well as P3s.' Gross also indicates that there's a 'multiplier effect' to the federal spending regime in which funding commitments depend on local and provincial governments coming up with matching funds. At the end of the day then, the actual spending will be a 'significant number.'