Mr. Speaker, the Canada infrastructure bank, which will privatize our infrastructure, hopes to attract $4 from the private sector for every dollar of public spending.
However, pension funds, like private investment funds, foreign funds, and banks, will never invest just to impress the minister. They will want a high return on their investments.
Michael Sabia said that they are chomping at the bit to get returns of 7% to 9%. My question for the minster is so simple that he does not even need an MBA to answer it.
How can a profit be made on infrastructure investments without charging user fees or tolls and without increasing existing fees?