Report urges rethink of infrastructure bank

OTTAWA — A new report is urging the Trudeau Liberals to make its new, experimental infrastructure bank a centre for helping cities and provinces sell off existing assets, rather than just helping to build new infrastructure.

The C.D. Howe Institute says the Liberals, along with provinces, territories and cities, could raise between $67-$100 billion by selling off revenue-generating assets like airports that would be attractive to private sector investors.

The Liberals have been considering whether to sell off stakes in Canada’s airports, Finance Minister Bill Morneau said last week, adding that it is part of an ongoing discussion around what assets the government should continue to own.

The paper says the Liberals should also consider allowing domestic or foreign investors to cover the full price for projects, absent public funding.

Benjamin Dachis, the institute’s associate director of research and the author of the paper, says the Liberals should also provide provincial and municipal governments with financian incentives to work with the proposed bank.

The bank would use $35 billion in federal cash and financing to pull into four times that amount from the private sector, if all goes according to plan, to help pay for new construction projects.

“Government spending has its inevitable limits, and government ownership of much of Canada’s major infrastructure is limiting the ability of governments to invest in the new infrastructure Canadians need,” Dachis writes.

“A systematic policy in which governments seek to broaden the ownership of Canada’s billions of dollars of government user-fee supported assets would address this problem. It would also open investment opportunities for institutional investors keen to invest in Canadian infrastructure.”

Just Posted

Central Albertans recall Hawaii’s false missile alert

Former Red Deer councillor Paul Harris was hanging out at the Ka’anapali… Continue reading

Human waste ‘backlog’ from Red Deer to be spread on farmers’ fields this spring

Council approved $1 million to compensate for loss of crops

Red Deer city council tries to find more cost-savings

Many spending proposals are queried, discussed

Advocate poll takers oppose plastic bag ban

Red Deer Advocate readers like their plastic bags. In an Advocate poll,… Continue reading

Red Deer man sentenced for child porn

Man sentenced to one year in prison after being arrested in major anti-child pornography operation

Replay Red Deer Jan. 14: Watch news highlights in pictures

Stories mentioned: Red Deer RCMP seize large quantity of cocaine: Read more… Continue reading

Advocate poll takers oppose plastic bag ban

Red Deer Advocate readers like their plastic bags. In an Advocate poll,… Continue reading

Photo: Chilly work in Veterans’ Park

What a chilly job but somebody has to do it.… Continue reading

Boy, 15, one of three hit in Vancouver shooting

Police believe a man in his 20s was the target of the shooting

UBCO psychology professor placed under supervision with focus on “boundary issues”

Dr. Stephen Porter has stepped aside from his teaching duties

Alberta elementary school teacher arrested on child porn charges

Investigators charged a 44-year-old Pincher Creek man with possessing, accessing, and distributing child pornography

Report: Health problems could arise as Alaska warms

Climate change in Alaska has the potential to create serious physical and… Continue reading

U.S. cold snap was a freak of nature, quick analysis finds

Consider this cold comfort: A quick study of the brutal American cold… Continue reading

Canadian Kennel Club seeking to add 12 more dogs to its pack

2018’s incoming class could include the Portuguese sheepdog, Tibetan mastiff, rat terrier and Spanish water dog

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month