Certainly the Canada Infrastructure Bank will play a key role in scaling up the infrastructure we need now across Canada to have the fastest-growing economy in the G7, to create the jobs that we need now, and to make sure it's done in a way that delivers results for Canadians.
In this case, in Nova Scotia, we're going to see job creation and a clean, renewable energy project coming onto the grid. The Nova Scotia government, which as I just mentioned is a Progressive Conservative government, is very keen on this project. They are very strong supporters of it and want to see more projects like this.
The Infrastructure Bank is really a central player in attracting private capital to invest in our infrastructure and to create these jobs. To date, the CIB has committed just over $18 billion of capital that is ultimately taxpayer-funded, and it has attracted over $25 billion of private capital into infrastructure. That's now almost $55 billion of capital value in those projects.
There are 108 projects to date, and obviously there is rigorous scrutiny on all 108 of those projects. They report annually through the annual report, but there's also lots of information available online.
It's providing a great service to Canadians in terms of making capital available in a country with big infrastructure needs and a shortage of capital. We need more private capital in the mix. We don't want to rely on only our taxpayers to fund everything here. In this case, because the terms are competitive and because the commercial rigour is paramount, we're seeing successful deals and great delivery on infrastructure across Canada.