Mr. Speaker, the Canada Infrastructure Bank will invest in infrastructure that is in the public interest, providing an innovative new infrastructure financing tool and attracting private sector investment to build transformational projects that may not get built otherwise. This is an optional tool that our provincial, territorial, indigenous, and municipal partners can use to increase the long-term affordability and sustainability of infrastructure in their communities.
The bank will not displace traditional infrastructure spending, and our government is continuing to invest historic amounts, $186 billion, to create inclusive communities where all have access to opportunities that let them reach their full potential.