Canada to set up infrastructure bank with access to $35 bln: Reuters
The Canadian government will set up an infrastructure bank and give it access to $35 billion to help fund major projects that might otherwise not get built, Finance Minister Bill Morneau said. Morneau told the House of Commons that the proposed bank, which Ottawa hopes will be up and running next year, would attract as much as $4 to $5 in private capital for every tax dollar invested. The bank, working with institutional investors as well as public and private pension funds, would conclude and execute complex infrastructure deals using loans, loan guarantees and equity investments.
1 November 2016•2 mins read
