Canada Infrastructure Canada
Canada Infrastructure Bank
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- About the Canada Infrastructure Bank
- Additional information
- Latest Corporate news releases and statements
About the Canada Infrastructure Bank
The Canada Infrastructure Bank (CIB) is a Crown corporation that operates at arm's length from government and is governed by a Board of Directors. The CIB is accountable to the Government and Parliament through the Minister of Intergovernmental Affairs, Infrastructure and Communities.
As part of the Government of Canada's historic Investing in Canada Plan, the CIB works cooperatively with all levels of governments, private investors and project sponsors to identify potential infrastructure investments across Canada. CIB's investments contribute to Canada's long-term and sustainable economic growth, and support the creation of good, well-paying jobs.
The CIB is an impact investor deploying $35 billion from the federal government to develop the next generation of infrastructure Canadians need.
By leveraging the capital and expertise of the private sector, the CIB helps public dollars go further and keeps grant dollars for those projects that are more appropriate for traditional funding mechanisms.
Announced in October 2020, the CIB's three-year, $10 billion Growth Plan is helping Canadians get back to work, connect more households and small businesses to high-speed Internet, strengthen Canadian agriculture, and help build a low-carbon economy.
The CIB Growth Plan is focused on investing in five priority sectors:
- $2.5 billion for clean power to support renewable generation and storage and to transmit clean electricity between provinces, territories, and regions, including to northern and Indigenous communities.
- $2 billion to connect approximately 750,000 homes and small businesses to broadband in underserved communities, so Canadians can better participate in the digital economy.
- $2 billion to invest in large-scale building retrofits to increase energy efficiency and help make communities more sustainable.
- $1.5 billion for agriculture irrigation projects to help the agriculture sector enhance production, strengthen Canada's food security, and expand export opportunities.
- $1.5 billion to accelerate the adoption of zero-emission buses and charging infrastructure so Canadians can have cleaner commutes.
To accelerate the delivery of projects in which the CIB is investing, it is also allocating $500 million for project development and early construction works.
- Canada Infrastructure Bank
- Canada Infrastructure Bank Act
- Statement of Priorities and Accountabilities – Canada Infrastructure Bank (February 2021)
Latest Corporate news releases and statements
- Market Update and Investment Outlook (2021-11-18)
- Message from The Canada Infrastructure Bank on the First National Day of Truth and Reconciliation (2021-09-29)
- Minister McKenna Sets New Priorities for The Canada Infrastructure Bank (2021-02-03)
- Tamara Vrooman appointed as new Chairperson of the Canada Infrastructure Bank (2021-01-28)
- Biography of Tamara Vrooman (2021-01-28)
- Government of Canada confirms appointment of new Chief Executive Officer for the Canada Infrastructure Bank (2020-10-29)
- Backgrounder: Government of Canada confirms appointment of new Chief Executive Officer for the Canada Infrastructure Bank (2020-10-29)
- Prime Minister announces infrastructure plan to create jobs and grow the economy (2020-10-01)
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