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ARTICLE · 08 MAY 2017

A Capital Project: Building Canada's New Infrastructure Bank

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Some long-awaited details of the Canada Infrastructure Bank (CIB) were unveiled on April 11, 2017, when Finance Minister Bill Morneau tabled Bill C-44, the Budget Implementation Act, 2017, No. 1.

CanadaStrategy
Catherine Doyle
Catherine Doyle
Mike Maodus
Mike Maodus
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Some long-awaited details of the Canada Infrastructure Bank (CIB) were unveiled on April 11, 2017, when Finance Minister Bill Morneau tabled Bill C-44, the Budget Implementation Act, 2017, No. 1. The omnibus budget bill contains numerous measures relating to the 2017 federal budget and includes legislation to establish the CIB.

While still in the early stages of the legislative process, Bill C-44 provides a first look at how the CIB will likely be structured and governed and what powers it can be expected to exercise.

MANDATE

As we discussed in our March 2017 Blakes Bulletin: Infrastructure Spending, Blueprints Pending: 2017 Federal Budget, the CIB was initially announced during the government's Fall Economic Statement 2016 and mentioned again (albeit briefly) in the 2017 federal budget (Budget 2017) with a funded allocation of C$35-billion. Bill C-44 confirms that the CIB will have access to that C$35-billion and that it will operate under a mandate to

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