Some facts about the Canada Infrastructure Bank
OTTAWA — Facts and figures on the Canada Infrastructure Bank:
What is it: An arms-length Crown corporation that will use federal dollars to leverage private investments to build revenue-generating infrastructure projects in the national interest.
What will it build: Projects will fall into three categories: urban transit, transport and commerce and green infrastructure. They have to be revenue-generating projects, so it could be, for example, an electricity grid to connect provinces’ electricity sources, toll roads or municipal water and wastewater systems.
How much money will it invest: Canada is investing $35 billion and hopes to attract four to five times that much from private-sector sources such as pension funds.