Canada says infrastructure bank to be up and running this year: Reuters
Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Reuters reported, citing Finance Minister Bill Morneau, who delivered his federal budget this week. However, Morneau's budget contained few other new details on the new agency, which the Liberal government committed to set up last year to provide access to $35 billion to help fund major projects that might not otherwise get built. It plans to supplement public investment with funding from private investors, such as pension and sovereign wealth funds.
23 March 2017•2 mins read
