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Now we’re getting the Canadian Infrastructure Bank

By David Crane      

We will have to wait until next year’s budget to see the details of the government’s plan, though the paramount issue will be, on balance, whether this new institution is primarily designed to protect the public interest or whether it will be weighted too heavily in favour of private interests.

In his fall economic statement, Finance Minister Bill Morneau, pictured in this file photo, announced that the new infrastructure bank will be established with $15-billion of federal funding that had originally been earmarked for direct federal grants for infrastructure projects, with potential federal funding of $35-billion. The Hill Times photograph by Andrew Meade

TORONTO—We have the Export Development Corp., the Business Development Bank of Canada and PPP Canada, as well as the Canada Pension Plan Investment Board. Now we are going to get the Canadian Infrastructure Bank (CIB). In his fall economic statement, Finance Minister Bill Morneau announced that the new infrastructure bank will be established with $15-billion of federal funding that had originally been earmarked for direct federal grants for infrastructure projects, with potential federal funding of $35-billion. The goal

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