The Canada Infrastructure Bank (CIB) would be located in Toronto and create a one-stop shop for new infrastructure funding, pooling investments from large investors with a small amount of seed funding granted from the Government of Canada. This approach deliberately creates huge returns for private investors, while driving up the cost of public projects and giving up important public control.
Privatization
Updates
July 17, 2017
The Finance Minister has said he would like the new Canada Infrastructure Bank up and running by the end of 2017. Operational details for the project were only included in the recently-tabled Budget Implementation Act, and the government has already begun a recruitment drive for the Bank’s leadership.
June 26, 2017
The Public Service Alliance of Canada (PSAC) and its component, the Union of National Defence Employees (UNDE), have written to Prime Minister Trudeau demanding the government revisit its decision to contract out maintenance and other related services in new multi-billion-dollar shipbuilding plans.
May 19, 2017
PSAC is raising significant concerns with the government’s proposed Canada Infrastructure Bank (CIB)
May 1, 2017
A recent poll demonstrates that 53 per cent of Canadians are against privatizing our largest airports.
November 3, 2016
On November 1st, Federal Finance Minister Bill Morneau released the federal government's Economic and Fiscal Update.