Accelerate, de-risk, and enable megaprojects

With the passage of Bill C-5, the One Canadian Economy Act, our country is entering a new era of nation building. This legislation unlocks the potential for regulatory harmonization, Indigenous partnership, and strategic investment, and it does this across energy, mining and critical minerals, transportation, digital infrastructure, and climate resilience.

But ambition alone won’t deliver results. Success will depend on clear alignment and collaboration, disciplined focus and a relentless sense of urgency. We have to build smarter, faster and better.

Canada’s infrastructure sector is facing a generational challenge—and a generational opportunity. From ports and energy corridors to data centres and critical minerals mining, the projects ahead will define our country’s economic future.

Yet megaprojects are inherently risky. KPMG research shows that nine out of 10 large infrastructure projects experience significant cost overruns. Half never reach completion. Others don’t even start, with significant delays in arduous approval processes. The current stakes are too high to let conditions like these persist. Canada needs to rethink how we streamline and build.

Developed through 25+ years of experience on Canada’s largest infrastructure projects, KPMG’s six-pillar framework helps leaders avoid common pitfalls to deliver the expected results.

• Investment and business planning: Business development and investment processes that optimize capital allocation.
• Governance and oversight: Structure and rules that establish efficient delivery and effective oversight.
• Organization and performance: Structure and behaviors that organize resources and maximize performance.
• Commercial and financial: Commercial strategy, relationships and risk profile that support success.
• Approvals and social license: Support, licenses and approvals necessary to enable effective delivery.
• Delivery and risk management: Processes and procedures to guide effective project delivery and risk management.

Our KPMG multi-disciplinary teams can help you finance, accelerate, de-risk and successfully deliver major projects with a comprehensive suite of services, including:

• Project finance and diligence: Structuring, transaction services, and financial and commercial due diligence for large-scale investments and partnerships.
• Project delivery success: Regulatory strategies that enable acceleration and address social imperatives, innovation, governance practices, oversight, contracting strategies and project de-risking.
• Indigenous advisory: Co-development models, equity agreements, benefit packages, and collaboration frameworks built on trust and traditional knowledge.
• Legal and regulatory services: Strategic navigation of federal, provincial and municipal regulations, policy analysis, and advocacy aligned with Bill C-5’s harmonization goals.
• Tax structuring and diligence: Tax-efficient models for capital projects, M&A and joint ventures aligned with budget priorities and long-term growth.
  

• Governments: Deliver on mandates with speed and accountability. Build resilient infrastructure that meets public expectations and withstands scrutiny.
• Project developers: Navigate complexity, unlock capital, de-risk delivery and deliver projects that drive competitiveness and growth.
• Investors: De-risk investments, structure deals intelligently and align with long-term national priorities.
• Communities: Shape inclusive projects that deliver lasting benefits and shared prosperity.