Canada Infrastructure Bank

Overview

The Canada Infrastructure Bank is a new Crown corporation that operates at arm's length from government and is governed by a Board of Directors. The Bank is responsive and accountable to the Government and Parliament through the Minister of Infrastructure and Communities.

As part of the Government of Canada's historic Investing in Canada plan, the Canada Infrastructure Bank was announced as an additional tool that provincial, territorial, municipal and Indigenous partners can use to build infrastructure across Canada. The projects the Bank invests in will contribute to our long-term economic growth and support the creation of good, well-paying jobs for the middle class.

The Bank will use federal support to attract private sector and institutional investment to new revenue-generating infrastructure projects that are in the public interest. By leveraging the capital and expertise of the private sector, the Bank will help public dollars go further and keep our grant dollars for those projects that are more appropriate for traditional grant funding mechanisms.

The Canada Infrastructure Bank will invest $35 billion from the federal government into infrastructure projects.

Over the next three years, the Canada Infrastructure Bank will deliver a $10 billion Growth Plan to help 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 will invest in five major initiatives:

  • $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 intends to invest, it will also allocate $500 million for project development and early construction works.

Additional information

News releases and statements

To see the latest Canada Infrastructure Bank news and events, please visit Canada Infrastructure Bank news.