Canada Infrastructure Bank



As part of the Government of Canada's historic Investing in Canada plan, the Canada Infrastructure Bank is a new tool that our partners could use to build more infrastructure in communities across Canada.

The additional projects the bank invests in would contribute to our long-term economic growth and support the creation of good, well-paying jobs for the middle class. These investments would also help us achieve our goals of lowering GHG emissions and building communities that are socially inclusive.

The Bank would be an additional tool to build new infrastructure by attracting private sector and institutional investors to support the transformational infrastructure that Canadian communities need.

From green energy transmission to trade and transportation and beyond, the Bank would help public dollars go further by enabling us to invest in projects that deliver a return. This would keep our grant dollars for those projects, like affordable housing and community centres that require public dollars.

If approved by Parliament, the Bank would invest $35 billion from the federal government into transformative infrastructure projects.  $15 billion would be sourced from the over $180 billion Investing in Canada infrastructure plan, including:

  • $5 billion for public transit systems;
  • $5 billion for trade and transportation corridors; and,
  • $5 billion for green infrastructure projects, including those that reduce greenhouse gas emissions, deliver clean air and safe water systems, and promote renewable power.

Specifically, the Bank would:

  • Invest in infrastructure projects that have revenue-generating potential and are in the public interest;
  • Attract private sector and institutional investors to projects so that more infrastructure can be built in Canada;
  • Serve as a centre of expertise on infrastructure projects in which private sector or institutional investors are making a significant investment;
  • Foster evidence-based decision making and advise all orders of government on the design of revenue-generating projects; and
  • Collect and share data to help governments make better decisions about infrastructure investments.

The Bank would be accountable to Parliament through its responsible Minister.  Specific accountability measures would include: 

  • Requiring the Bank to seek the Government's approval of its Corporate Plan annually, and tabling the summary of the plan as well as its annual report in Parliament;
  • Audits by the Auditor General as well as a private sector auditor appointed annually by the Government, which is the highest standard of accountability required of Crown corporations; and,
  • A review of the operation of the Bank by the responsible Minister and Parliament every five years.  

As an arm's length Crown Corporation, the Bank would be led by a Chief Executive Officer and governed by a Chairperson and Board of Directors.

On May 8, 2017, the Government of Canada launched open, transparent and merit-based selection processes to identify the Bank’s senior leadership with the goal of having the Canada Infrastructure Bank operational in late 2017, subject to Parliamentary approval. For more details, read the news release.

Frequently Asked Questions

1. Why are you setting up the Canada Infrastructure Bank?

The Bank is intended to amplify federal support by bringing private sector and institutional investors to the table to help pay for the transformational infrastructure projects our country needs. The creation of the Bank is part of the Government of Canada’s historic infrastructure plan – investing more than $180 billion over 12 years.

The government’s plan will continue to largely be delivered through traditional infrastructure funding models. The Bank would be one new tool that federal, provincial, territorial, municipal, and Indigenous partners could choose to use to build more public infrastructure projects.

2. What would the Canada Infrastructure Bank do?

The Bank would use federal support to attract private sector and institutional investment to new revenue-generating infrastructure projects that are in the public interest.

The Bank would also:

  • Provide advisory capacity to work with public sponsors, including to help develop a pipeline of projects that could be of interest to investors and provide the biggest economic, social and environmental returns;
  • Act as a centre of expertise on infrastructure projects in which the private sector is making a significant investment; and
  • Work with the federal, provincial, territorial and municipal governments to collect and disseminate data to monitor and assess the state of Canadian infrastructure and better inform future infrastructure investment decisions.
3. How does the Bank fit into the Investing in Canada plan?

The Investing in Canada plan includes over $180 billion of significant investments in public transit, green infrastructure, social infrastructure, trade and transportation, and Canada’s rural and northern communities. As part of the Investing in Canada plan, the Bank will be one more tool that our partners can use to build more infrastructure in communities across Canada.

The Bank would invest at least $35 billion from the federal government into transformative infrastructure projects that contribute to economic growth and support the creation of good, well-paying jobs for the middle class.

  • $15 billion would be sourced from the over $180 billion Investing in Canada infrastructure plan, including:
    • $5 billion for public transit systems;
    • $5 billion for trade and transportation corridors; and,
    • $5 billion for green infrastructure projects, including those that reduce greenhouse gas emissions, deliver clean air and safe water systems, and promote renewable power.
  • $20 billion in capital would be available for investments which would result in the Bank holding assets—in the form of equity or debt. This amount would therefore not result in a fiscal impact for the government.
4. What types of projects would the Bank support?

The Bank would make investments in infrastructure projects that have a public sponsor, generate revenue and are in the public interest. A key consideration for the Bank will be whether the project attracts or “crowds-in” private sector capital that would not have otherwise been invested in public infrastructure.

The Bank’s investments would be made strategically, with a focus on transformative projects such as public transit plans, transportation networks and electricity grid interconnections.

The Bank would work with federal departments, other orders of government and potential private sector investors to determine whether projects are suitable.

5. What financial tools would the Bank have available to it?

The Bank would have a wide range of financial instruments at its disposal, including debt and equity. The specific financial instruments used would depend on what makes most sense for any given project.

6. How would the Bank support provinces, territories and municipalities?

The Bank would provide an additional option for federal, provincial, territorial, and municipal project sponsors to advance projects that could be suitable candidates for revenue generation.

This would help provinces, territories, and municipalities build new infrastructure that might not have otherwise been built, increasing overall service levels for Canadians.

The bank is an additional tool that our partners can use if they decide to. No one will be required to use the Bank.

7. How would the Bank be governed?

The Bank would be structured as an arm’s length Crown corporation. Crown corporations are distinct legal entities established by the government to pursue public policy and commercial objectives. The Bank would be led by a Chief Executive Officer and governed by a Board of Directors. The Bank will hire employees with the talent and expertise necessary to develop and execute transactions in a manner that delivers the best value for public resources.

Though arm’s length, the Bank will be responsive and accountable to the Government and Parliament through its responsible Minister.

The Bank would be required to seek the Government’s approval of its Corporate Plan annually, and table the summary of the plan as well as its annual report in Parliament.

It would also be accountable to both the Auditor General and a private sector auditor, which is the highest standard of accountability required of Crown corporations. As well, the responsible Minister and Parliament would review the operations of the Bank every five years.

The Government would be responsible for setting the overall policy direction and high-level investment priorities. In addition, the Bank would work with all orders of government as well as investors to identify the pipeline of potential projects and potential investment opportunities.

8. When will the Bank be operational?

The Government is working towards the goal of having the Bank operational in late 2017.

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