Deals
New Infrastructure Bank Would Seek to Clear Billions in Backlogs
- Details of proposed bank expected Wedesday in Canadian budget
- Questions remain about financing model, pipeline, location
Trudeau Set to Lift Hood on Infrastructure Bank
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Infrastructure is Canadian Prime Minister Justin Trudeau’s biggest spending commitment. But he needs help.
Canada is preparing to launch a government infrastructure bank to spur development of projects across the country, from roads to subways, by drawing in private capital from pension funds and other institutional investors. To do it, Trudeau will directly subsidize some projects, and agree to take a back-seat stake in others.