Transport committee  I understand. First, it would incorporate the bank as a crown corporation effective on royal assent. Second, the legislation would set the mandate and purpose of the bank, which would be to make investments in revenue-generating infrastructure projects that are in the public i

Transport committee  That was the end.

Transport committee  Good afternoon. I'm Glenn Campbell, assistant deputy minister at Infrastructure Canada. I'm joined by Niko Fleming, a chief at Finance Canada. Division 18 of part 4 would establish the Canada infrastructure bank, announced first in the 2016 fall economic statement, as well as in

Transport committee  I'd be happy to. Many of the details pertaining to the governance structure of this entity are yet to be announced. They will be in due course, but I can assure, similar to the question earlier about the financial balance sheet, the entity will adhere to good governance practice

Transport committee  Any infrastructure project, whether it's a public procurement, a PPP, or something that will be engineered by the bank, will have appropriate legal covenants and agreements that address the fairly routine occurrence, sometimes, of incidents of default. This not uncommon. It's qui

Transport committee  It will be in the federal fiscal framework.

Transport committee  The institution, the entity, will have a $35-billion balance sheet.

Transport committee  As the minister said, it will have 20 billion dollars' worth of room to do liability asset matching, which will have no impact on the government's fiscal framework. But any loan or any pricing or change in the value of any of its instruments will be recorded in that $15 billion,

Transport committee  The total amount.

Transport committee  The net position will be included in the fiscal framework. Traditionally, for any investment that the Government of Canada makes, there will be an accounting determination as to the extent to which that is a complete liability asset match or whether there's some form of support t

Transport committee  Thank you for the question. The $15 billion to which the minister referred earlier will be consolidated with the Government of Canada's account. Any liabilities incurred by this arm's length institution will be recorded in the books of the Government of Canada.