immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Ottawa: Infrastructure and Cib

ottawa: Because it differs from the orthodoxy in infrastructure financing in two fundamental ways, the CIB should command a more thorough examination than it has had, as Ottawa rushes to get the CIB up and running by year's end, according to Toronto Star. To a maddening degree, Ottawa has given only a hint of exactly what infrastructure the CIB is to build. TALOTTA / TORONTO STAR FILE PHOTO By David Olive Business Columnist Sat., June 17, 2017 Ottawa is making an unusual departure from traditional infrastructure spending with its proposed 35-billion Canada Infrastructure Bank CIB a public and private-sector initiative. It hasn't explained why a CIB is necessary within the Trudeau government's 180-billion Investing in Canada infrastructure plan. On the two fundamentals, first, there is the extraordinary wide ambit of the CIB's goals. And Ottawa hasn't made a persuasive case that the governance of the CIB will be sufficiently rigourous to ensure that taxpayers' money is wisely spent. (www.immigrantscanada.com). As reported in the news.