The Government of Canada sets the overall policy direction and high-level investment priorities of the CIB. The CIB works cooperatively with all levels of government and private investors to identify potential projects, and makes independent commercial decisions on whether these projects are bankable and how to structure project financing.
The Canada Infrastructure Bank is accountable to Parliament through the Minister of Infrastructure and Communities. For more information, see the Infrastructure Canada website.
The Canada Infrastructure Bank Act sets out our purpose as follows:
The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada that will generate revenue and that will be in the public interest by, for example, supporting conditions that foster economic growth or by contributing to the sustainability of infrastructure in Canada.
Parliament has authorized the CIB to invest $35 billion in complex and innovative infrastructure. We will perform the following functions:
- Act as a centre of expertise;
- Provide advice to all levels of governments;
- Structure proposals and negotiate agreements;
- Invest in infrastructure projects;
- Receive unsolicited proposals;
- Collect and disseminate data; and
- Foster evidence-based decision making.
Statement of Priorities and Accountabilities
The Minister of Infrastructure and Communities Statement of Priorities and Accountabilities (SPA) to the Board and Chair of Canada Infrastructure Bank.