The Canada Infrastructure Bank will quicken the pace at which it doles out cash in the coming year, its new chief executive says, thanks in part to a structural change that has loosened the rules around how the $35-billion Crown corporation invests its capital.
Ehren Cory, who was named chief executive officer late last year, says the bank will be announcing new investments on “a very regular basis” in 2021 as part of Ottawa’s economic stimulus efforts.
Cory and other senior bank officials said the change should loosen the reins on the taxpayer-funded infrastructure bank, which has faced criticism for being slow to invest in so-called “transformative” major projects since its inception in 2017.
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