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Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
CANADA, JUL 10 – Parliament's fiscal watchdog reports the Canada Infrastructure Bank will disburse only $14.9 billion by 2027/28, missing its $35 billion target and sector-specific goals.
- The Parliamentary Budget Officer reports the Canada Infrastructure Bank is projected to disburse only $14.9 billion by 2027/28, more than $20 billion below its $35-billion target.
- The Canada Infrastructure Bank faced early dealmaking struggles, delaying commitments and causing its sector-specific goals to remain unmet, leading to a significant shortfall in planned investments.
- The Canada Infrastructure Bank has committed nearly $17 billion to over 100 projects, with private funding now approaching 48%, according to its reports.
- The Canada Infrastructure Bank's disbursements lag by several years due to funds being released during construction, affecting timely project delivery, as Hillary Marshall explained.
- The Parliamentary Budget Officer forecasts that the Canada Infrastructure Bank will miss all sector-specific targets by 2028, despite increased private sector engagement.
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Winnipeg Free Press+23 Reposted by 23 other sources
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Leaning Left9Leaning Right0Center2Last UpdatedBias Distribution82% Left
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C 18%
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