Mr. Speaker, with regard to the recommendation by the Standing Committee on Transport, Infrastructure and Communities to abolish the Canada Infrastructure Bank, the government continues to review the findings of the report and associated recommendation and will provide a response.
The Canada Infrastructure Bank, the CIB, works with all orders of government and private partners, including indigenous investment partners, to help to transform how infrastructure is planned, funded and delivered to Canadians.
The CIB is involved in more than 30 infrastructure partnerships and has committed over $7.2 billion in capital, attracting over $7.6 billion in private and institutional investment.
Budget 2022 announced measures to increase the CIB’s impact by broadening the types of private sector-led projects it can support. Further, under the emissions reductions plan, it is expected to invest $500 million in large-scale zero-emission vehicle charging and refueling infrastructure.
The CIB is supporting key projects like high-frequency rail, helping to transition Atlantic Canada off coal through clean power transmission, and supporting the Manitoba fibre plan to provide broadband access to households and businesses.