Opposition to private investment in infrastructure stupid, irresponsible: Liberal MP
OTTAWA — One of the architects of the Liberals’ proposed infrastructure bank says opposition to the idea is short-sighted, stupid and irresponsible.
Liberal MP Adam Vaughan, parliamentary secretary to Prime Minister Justin Trudeau, says the whole idea of the bank is to make it possible for municipalities to leverage private sector cash to fund crucial projects that would otherwise be unaffordable.
And while he acknowledges there are some risks involved, he maintains they’re far outweighed by the cost of doing nothing.
“The cost of not fixing aging infrastructure can be catastrophic, and if you don’t factor that into the cost analysis you’re not being realistic,” Vaughan said in an interview.