Canada’s Deep State Part 4 – Canada Infrastructure Bank
The Canada infrastructure Bank (CIB) has been steeped in controversy since it was first proposed.
The Liberal’s 2015 election promise was to provide low-cost financing to municipalities for infrastructure projects, as a vehicle for Ottawa to use its strong credit rating and lending authority to help municipalities reduce their cost of borrowing.
The Liberal plans evolved considerably since the party first promised an infrastructure bank during that election campaign – there was no mention of attracting private capital. The role of the proposed Canadian Infrastructure Development Bank was to attract financing from institutional investors to fund projects over the next 10 years as a Crown corporation
Dominic Barton and Michael Sabia sketched out the infrastructure bank idea at the Public Policy Forum summit in Oct. 2016, a more ambitious plan in which the bank would gather and prioritize large projects that could earn revenue, such as electrical networks, and that attract billions in added international investment.
Sounds an awful lot like McKinsey’s “for-profit public-sector work” and advising governments
@BlueGood @RentonMagaUK
from Globe &Mail http://archive.is/qLoBa
The Canada infrastructure Bank (CIB) has been steeped in controversy since it was first proposed.
The Liberal’s 2015 election promise was to provide low-cost financing to municipalities for infrastructure projects, as a vehicle for Ottawa to use its strong credit rating and lending authority to help municipalities reduce their cost of borrowing.
The Liberal plans evolved considerably since the party first promised an infrastructure bank during that election campaign – there was no mention of attracting private capital. The role of the proposed Canadian Infrastructure Development Bank was to attract financing from institutional investors to fund projects over the next 10 years as a Crown corporation
Dominic Barton and Michael Sabia sketched out the infrastructure bank idea at the Public Policy Forum summit in Oct. 2016, a more ambitious plan in which the bank would gather and prioritize large projects that could earn revenue, such as electrical networks, and that attract billions in added international investment.
Sounds an awful lot like McKinsey’s “for-profit public-sector work” and advising governments
@BlueGood @RentonMagaUK
from Globe &Mail http://archive.is/qLoBa
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