How the Trudeau government responds to infrastructure bank idea will be moment of truth
It doesn’t take an economist to understand it makes no sense to finance projects at seven to nine per cent when you can do so at two per cent.
The advisory council is calling on Ottawa to create a Canadian Infrastructure Development Bank and fund it with $40-billion. They suggest this would attract an additional $160-billion from private institutional investors to finance large public infrastructure projects, including toll highways and bridges, high-speed rail, ports, airports, power transmission, public transit, 'smart-city,' broadband, and natural resource infrastructure. The Hill Times photograph by Jake Wright