Experts, critics wary of feds’ ‘clearly opposite’ private investing plan to rejig infrastructure bank

Infrastructure Bank CEO Ehren Cory has talked about finding win-win projects that serve both public and private interests, but critics say this middle ground has proved elusive.

Finance Minister Chrystia Freeland's 2022 budget 'expanded the role of the CIB by allowing it to invest in private sector-led projects,' which was 'clearly the opposite of the [House Infrastructure Committee] report's finding that the CIB should be abolished,' says Heather Whiteside, an expert in public-private partnerships.The Hill Times photograph by Sam Garcia

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BY KEVIN PHILIPUPILLAI

May 12, 2022

The federal government has loosened the restrictions around the embattled Canada Infrastructure Bank to make it more nimble and responsive to private investors, even as a parliamentary committee's blunt, one-line recommendation to abolish the Bank reflects deep skepticism from all opposition parties...

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