Economy Investments

Establish the Canada Infrastructure Bank to provide low-cost financing for new infrastructure projects.

Liberal Platform Page 15 October 5, 2015
Achieved
Jun 2017

An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2017 and other measures

Parliament of Canada June 22, 2017

Division 18 of Part 4 enacts the Canada Infrastructure Bank Act, which establishes the Canada Infrastructure Bank as a Crown corporation.

The Bank’s purpose is to invest in, and seek to attract private sector and institutional investment to, revenue-generating infrastructure projects. The Act also provides for, among other things, the powers and functions of the Bank, its governance framework and its financial management and control, allows for the appointment of a designated Minister, and provides that the Minister of Finance may pay to the Bank up to $35 billion and approve loan guarantees.

Bill C-44 received royal assent on June 22, 2017.