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It will also encourage firms to raise new private capital to complement publiccapital, he added.
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This is despite protestations from all sides that curtailment of investment in publiccapital is usually counterproductive.
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It believes losses next year could be held at 2 per cent assuming a strong publiccapital programme.
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Minister for Finance Paschal Donohoe's announcement of a significant increase in publiccapital expenditure is to be welcomed.
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They offer an alternative to publiccapital markets and allow the companies they back to operate beyond the reach of regulators.
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Now is the time for realistic stress testing and then resorting to private capital markets if possible and to publiccapital infusions if necessary.
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Home to some of the world's fastest growing economies, Africa is also hampered by illiquid publiccapital markets, making traditional equity investments more difficult.
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In the plan, the Government says the benefits of private-sector involvement in all stages of publiccapital projects are widely acknowledged in many European countries.
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The SEC under its Republican-appointed chairman Jay Clayton has steadily cut red tape to make the publiccapital markets more attractive for companies since 2017.
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Second, even though it may involve recourse to borrowing, publiccapital spending is to be raised by 12.5 per cent next year.
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Overall investment growth hit a 15-month low of 2.8 percent in the December quarter despite a 34 percent annual increase in publiccapital spending.
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The province estimates that private and publiccapital investments totaling C$87 billion ($85.2 billion) will be needed to make the 20-year plan work.
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Amtrak President Alex Kummant says publiccapital flowing into Amtrak equals $40 a passenger compared to up to $700 per automobile through spending on highways.
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Publiccapital expenditure, such as infrastructure investment, knocked 0.5 percentage points off growth in the September quarter after a strong June quarter.