Large-scale projects under Canada Infrastructure Bank’s umbrella, ‘take time,’ says CEO, following PBO report outlining ongoing delays in projects

Public-private partnerships require significant design and engineering work, community engagement, environmental assessment and planning, as well as contracting with the person who’s going to build it during the actual construction period and ramp up into operation, says CIB CEO Ehren Cory.

Infrastructure and Communities Minister Catherine McKenna, pictured Sept. 11, 2020, at Carleton University. Ms. McKenna says that she expects 'the CIB to deliver on their mandate to invest in more projects in their priority areas by the end of the first quarter and beyond.' The Hill Times photograph by Andrew Meade

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BY MIKE LAPOINTE

May 10, 2021

Following a report from the Parliamentary Budget Office that outlined delays in the Canada Infrastructure Bank’s mandate to disburse $35-billion before its mandate expires, MPs and economists say the model set up by the Liberal government is not effective, and that the Liberals "are trying to push...

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