The Factors Involved In The Construction Of Infrastructure...

Reading Response: The Factors Involved in the Construction of Infrastructure For this week’s reading response, I read an article on the Waterfront-Canada website that described a project that will re-innovate the mouth of the Don River watershed. The article states that due to the growing immigration of foreigners to the heart of an economically booming city, it is become harder to facilitate the necessary land available to build infrastructure on for groups of individuals looking for a better way of life. The article adds by stating that the major flood advisory upon a significant portion of the land surrounding the Don River watershed is not helping their cause towards attracting foreigners to Toronto either. To aid the solution to this†¦show more content†¦I find this highly satisfying since economic gain does not always go hand in hand with consideration of the environment but in this case, it does. The stakeholders involved should be applauded for their detailed consideration for the betterment of the environment, and the watershed. After years of paperwork and meaningful discussions, the construction for this new community is set to begin in the fall of 2017, after a staggering 1.25 billion tri-government funding. This project is said to be completed in the next 7 years. While reading this article, I recalled back to a time when the construction of the new school by home was being considered. There was a lot of commotion and conflict when this project was first brought up because the people of my community did not want their local park to become blocked of by the construction of a school they did not find necessary. They did not find it necessary because they were satisfied with the location of the other schools in the area and felt that the city of Toronto would go ahead with the construction of new infrastructure to replace the old schools- which would increase the congestion of the already compact community. However, after a few years of back and forth arguing the community, the TDSB and the city of Toronto concluded that the new school will be built but not all of the park will be occupied, and the construction of the new infrastructure will beShow MoreRelatedProject Financing : A Project1637 Words   |  7 Pages can be completed without undue uncertainty and when finished will have more value than the cost of construction. There are four factors that should be met when contemplating project finance. The credit requirements of lenders in terms of the forecasted profitability of the project and the indirect credit backup given by third entities. 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