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Infrastructure  Mr. Speaker, the bank is one very important tool that is available to our municipalities and provinces to build the infrastructure they need. As I said earlier, I want to assure the hon. member that the bank would have to abide by all the laws that are in place in provinces, ter

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, we have been in touch with the Province of Quebec to assure it that the role of the bank is not, in any way, to undermine the regulations and laws that are in place in every province, territory, and municipality. We work very closely with all provinces to be sure the

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, our government knows how important our water and waste-water systems are to the health and well-being of Canadians. That is why we introduced a $2 billion clean water and wastewater fund. Last week, we announced 730 water projects across Ontario, with a combined inve

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, I am pretty sure the hon. member, who served on city council as mayor, would like to join me in welcoming the Federation of Canadian Municipalities delegates to Ottawa. These are the people who are helping build sustainable communities in partnership with the federal

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, we have put forward a very ambitious agenda to build and rebuild Canadian communities, with a tripling of the federal investments, up to $186 billion. The infrastructure bank is one way to build more infrastructure. Who is going to benefit from this? It is Canadian

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, is the hon. member calling the Canada Pension Plan Investment Board, the teachers' fund, OMERS, the Caisse de dépôt, the Alberta Investment Management Corporation cronies? They are the ones who will partner with our government to build the infrastructure that our com

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, the bank is one very important tool to create economic growth across Canada, to create jobs and grow the economy. Let me share with the hon. member what the International Monetary Fund has to say about the infrastructure bank. It says, “Infrastructure investment is a

June 2nd, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, last week, we were proud to announce $24 million for 26 cultural and recreational projects across Quebec to support seniors, families with children, newcomers, and multicultural communities. We understand that infrastructure investments also help grow the economy, cr

June 1st, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, the bank would be set up with the same legal structure as many other crown corporations. Any project that it would invest in would be required to follow all provincial, territorial, and municipal laws. We respect the jurisdiction of our provinces. We are investing a

May 31st, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, yesterday I met with two ministers from Premier Brad Wall's government willing to partner with us under the infrastructure bank to build the transmission infrastructure their province requires. They understand that by mobilizing private capital through the infrastruc

May 31st, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, I want to assure the hon. member and this House that the bank would only undertake projects that were in the public interest and would not invest in risky projects. Rigorous due diligence will be done by the bank, by the investors, by the municipalities, by the provi

May 31st, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, the Canada Pension Plan Investment Board, OMERS, teachers, Caisse de dépôt, and the Alberta Investment Management Corporation all invest in foreign infrastructure, in international infrastructure. What is wrong if the same organizations work with our government to bu

May 31st, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, the legislation related to the bank is very clear. This is an optional tool for municipalities and provinces to use. It is part of our overall extensive, ambitious, infrastructure plan to invest more than $186 billion, and out of that less than 10% will be invested

May 30th, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, for the creation of the Canada infrastructure bank, we consulted very extensively with provinces, territories, municipalities, the private sector, institutional investors, and labour organizations. Our goal is to support municipalities and provinces to build more inf

May 30th, 2017House debate

Amarjeet SohiLiberal

Infrastructure  Mr. Speaker, it is the first time in the history of our country that we have put forward $2 billion in dedicated funding for rural northern communities so we can focus on building infrastructure that those communities need. This is on top of the other funding available to our com

May 30th, 2017House debate

Amarjeet SohiLiberal