It’s just lending out government money” says Caron. “That’s not what the Infrastructure Bank is supposed to be about.”
Indeed, the Bank’s purpose is to receive private equity and invest it in Canadian infrastructure, not loan government money. And with time ticking away, repackaging old deals as new ones suggests things are not working out.
“I have not heard of a single private firm that has decided to invest in the Infrastructure Bank,” says Caron.
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