As a federal entity, the Canada Infrastructure Bank has a federal point of view on investment, meaning a broader point of view than that of a single corporation like ITC Investment Holdings or a new business that now wants to get involved in the project. From the broader point of view that the Canada Infrastructure Bank needs to have, this project is not the most worthwhile on a financial level, or at least not the most appropriate. Based on my understanding, the Canada Infrastructure Bank should instead focus on finding ways to better connect Quebec and Ontario. This investment would be less expensive and more beneficial on an environmental level. Is that right?
On April 9th, 2024. See this statement in context.