Home » Newswire » Industry stakeholders, economists give mixed reviews on CIB – Journal Of Commerce
Industry stakeholders, economists give mixed reviews on CIB – Journal Of Commerce
by ahnationtalk onSeptember 12, 2017102 Views
Sep 12, 2017
Although the Canada Infrastructure Bank (CIB) isn’t expected to be up and running until the end of 2017, the federal agency is already attracting attention.
The $35-billion CIB, which will leverage public funds to attract private investment for major infrastructure projects, was announced with much fanfare in the federal government’s March 2017 budget.
In an announcement, Infrastructure and Communities Minister Amarjeet Sohi described the bank in expansive terms.
“The bank would use federal support to attract private sector and institutional investment to new revenue-generating infrastructure projects that are in the public interest,” Sohi said. “By bringing these new investors to the table, federal, provincial, territorial, municipal and indigenous partners can choose to build more of the transformational infrastructure projects that Canadian communities need.”