Transport committee  That's a policy decision, and on a case-by-case basis, yes, that's possible. If you had a municipal asset, for example, and there was a local decision to bring it forward and applicable under this model, then it's quite possible if there was not sufficient revenue forecast to cov

Transport committee  Thank you for the question. It pertains to the policy behind the bank. Just to reiterate, it is another tool for governments to use in partnership with other governments to crowd in private sector capital. Chair Fukakusa can talk about why we need an arm's-length entity with our

Transport committee  The act stipulates that the Canada Infrastructure Bank can support a project that is in Canada, or partly in Canada. Clearly, that's intended to capture, in certain circumstances, where we have borders with an important neighbour. There may be an infrastructure asset that attache

Transport committee  We're happy to follow up, given that the board members were Governor in Council appointees. They were appointed on behalf of the minister. If there are any questions pertaining to that process, we're happy to provide to the committee, via the department, information on how that p

Transport committee  Given that this is more of a policy question than an infrastructure bank question, I'm happy to answer it. In the first instance, the Canada Infrastructure Bank is a tool for governments to use to help fund projects. It's the government sponsor and its proponent that lead an inf

Transport committee  I have no opening statement, but I'd be happy to answer any of the committee's questions.

Finance committee  No, we do not. If I may say, this provision that was referred to, Mr. Chair, does not bestow additional powers on the institution. It merely clarifies the relationship between that entity and the Government of Canada for the purposes of managing its liabilities. The crown corpo

Finance committee  No.

Finance committee  We can make ourselves available, Chair, any time the committee wishes.

Finance committee  Except the infrastructure bank would not be loaning to one of the parties, it would be loaning into the pool of the project; but had that materialized, it would be counted against the $15 billion.

Finance committee  You're asking me to say “correct” again. I'm not sure all those assumptions are correct. However, any position that the infrastructure bank has in an entity will be limited to the amount of its partnership agreement, regardless of whether it's a loan or an equity. The amount of i

Finance committee  As an expense. This would be federal support for that project that would have been built and will continue to exist.

Finance committee  Any net expense comes out of the $15 billion.

Finance committee  For any other investment, whether it's in whatever structure, if the auditors say you're holding an asset on the other side, then it will be accounted against the $20 billion, basically allowing it to hold assets that match its liability.

Finance committee  I have one preface, and then I'd be happy to answer your question. First, as an official who used to work at Finance Canada in charge of financial institutions and banking, I'm very attuned to any issues about crowding out the private marketplace, and there's a reason that I'm t