Finance committee  In general terms, the crown corporation is designed to be a support vehicle, a way to channel federal support through to infrastructure projects for the benefit of Canadians and partners. When we talk about profits, it's a question of profits inside the project structure. The obj

Finance committee  I would not, actually. The concept of a P3, or a public-private partnership, pertains to the method of procurement for any infrastructure project. That model or option for procurement would still be available for any project that is supported by the infrastructure bank.

Finance committee  The P3 model is therefore a contract structure that is designed to manage availability payments—these are largely for infrastructure paid for by taxpayers—and to get efficiencies in the construction and operation of the asset. It is completely distinct from the upstream financing

Finance committee  That is a government decision.

Finance committee  I would say that it would be inappropriate for me to answer on a personal basis; however, I can express that this is a fiscal instrument, a fiscal support measure that sits inside the investing Canada plan that was framed inside budget 2017 and previously in the fall economic upd

Finance committee  All of our planning to date, including as the senior official in charge of this project, is on an anticipatory, planning basis. Everything is subject to parliamentary approval, outside of some of the activities that we have been working on. Really it's for Parliament to decide th

Finance committee  There are a number of points there for me to unpack that are really worth discussing. In the first instance, I hope I was clear. It may have been mischaracterized. Cabinet will have appropriate oversight of both the bank and the projects in which it invests. As I said earlier, t

Finance committee  There were two main questions that I understood. On the first one, I would disagree that under user-pay models the individual is paying twice. If you look at what's happening with a piece of infrastructure, when you bring in a revenue-generating model, you're building a piece o

Finance committee  First, to go back further, the government indicated that it was considering such a vehicle as an infrastructure bank as it came into office. Since that period, it has been working collaboratively on this concept with various ministries, including the Department of Finance and the

Finance committee  I'd be pleased to. There are a number of asset classes, under the category of infrastructure, that exist today in Canada that have various models of revenue generation or user pay: electricity grids have tariffs; water has meters and user fees; property development has land valu

Finance committee  Thank you, Mr. Chair and members. Part 4, division 18 would establish the Canada infrastructure bank, announced first in the 2016 fall economic statement as well as in budget 2017. For reference, the proposed amendments are clauses 403 to 406, and can be found on pages 236 to 24