Question Period Note: CANADA INFRASTRUCTURE BANK

The Canada Infrastructure Bank launched in December 2017. Since then it has been engaging with stakeholders, reviewing projects and making project commitments.

• The Canada Infrastructure Bank is active in the market, making key investments in transformative infrastructure projects and working to help governments and communities consider new and innovative approaches to infrastructure delivery in Canada.
  • The Canada Infrastructure Bank has made a number of investment commitments and announced its support as an advisor for projects across Canada.
  • The Canada Infrastructure Bank continues to consider proposals and is engaging with stakeholders on complex financing structures for infrastructure.
  • The Canada Infrastructure Bank is part of the solution to deliver better and more sustainable public transit, trade and transportation, broadband and green infrastructure for Canadians.

• The Canada Infrastructure Bank is operational and open to receiving proposals and engaging with stakeholders.
• The Bank has staffed key senior positions and efficiently uses outsourcing capacity to meet its mandate. The Bank has retained legal services, a corporate secretary, media relations support, corporate governance and corporate planning expertise, IT services, compensation, recruitment and management consultants, and continues to be supported by a Canada Infrastructure Bank Secretariat at Infrastructure Canada.
• The Bank is a key part of the Investing in Canada plan and will invest $35 billion to attract domestic and international private sector and institutional investors to new public infrastructure projects.
• The Bank will invest a minimum of $5 billion in each of the priorities areas of transit, green and trade and transportation infrastructure and $1 billion in broadband.
• The Bank will work with provinces, territories, municipalities and Indigenous partners to advance revenue-generating projects that are in the public interest.
• The Canada Infrastructure Bank is a Crown corporation and subject to reporting requirements as set out in the Financial Administration Act, and must provide a corporate plans, operating and capital budgets, annual reports (summaries of the corporate plans and budgets and annual reports are tabled in Parliament), quarterly financial reports and regular audits.

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