Jan 2018
Canada Infrastructure Bank aims to start approving projects by end of year
The Globe and Mail
January 10, 2018
The Canada Infrastructure Bank is heading into its first full year of operation without a permanent CEO, but the bank’s chair is hoping the $35-billion entity will be in a position to start approving projects by the end of 2018.
The goal of the bank is to provide minority funding or loans to large revenue-generating projects led by the private sector that might not otherwise go ahead. The government has said that $15-billion of the bank’s funds will be divided evenly between public transit, trade and transportation corridors and green infrastructure projects, such as safe water systems and renewable-power generation.
The bank now officially exists, but it hasn’t funded any projects yet. Since the promise mentions "green bonds" to fund clean tech projects, it will be marked as achieved when the first clean tech project gets funded.
Nov 2017
Canada's infrastructure bank on track to open by end of year: Sohi
The Globe and Mail
November 01, 2017
Canada's new infrastructure bank is on track to be up and running by the end of the year and will look to attract investment from major pension funds, the country's infrastructure minister said on Wednesday.
"We can tap into pension funds and institutional investors. Those institutions are looking for more stable, predictable returns over the longer term," Amarjeet Sohi told a conference in Toronto. "If we can find projects that generate revenue and there's a return on their investment I think there's potential for us to work with the private sector."
Jul 2017
Former RBC CFO picked to chair Canada Infrastructure Bank board
The Globe and Mail
July 06, 2017
The Canada Infrastructure Bank is beginning to take shape, with the federal Liberals naming former Royal Bank chief financial officer Janice Fukakusa as the first chair of the board.
Just two weeks ago, Parliament approved the creation of the new $35-billion institution, which Ottawa wants up and running before the end of the year.
