Infrastructure bank a keystone in Liberal economic plan
OTTAWA — The federal Liberals are banking on the creation of a new, arm’s-length lending machine that could leverage billions in public money and turn it into new highways, bridges and transit projects.
The centrepiece of the Liberals’ economic update is something that they hope will also be a signature piece for the Trudeau government: a new, experimental infrastructure bank that will take $35-billion in public money to create an investing system many times that size by pulling in private sector dollars.
But just how the bank will work is unclear.
The government unveiled high-level details in its economic update Tuesday, leaving the nitty-gritty for next year’s budget.