Canada Infrastructure Bank

Canada Infrastructure Bank
Native name
Banque de l'infrastructure du Canada
Company typeCrown corporation
IndustryPublic Private Partnership - Infrastructure
FoundedJune 22, 2017 (2017-06-22)
Headquarters
Canada
Key people
Ehren Cory (CEO)
Tamara Vrooman (chairperson)
Dominic Leblanc (minister responsible)
CA$3,316,000 [1]: 7  (September 30, 2019[1]: 7 )
Total assetsCA$796,408,000[1]: 6  (September 30, 2019[1]: 6 )
Total equityCA$796,408,000 (September 30, 2019[1]: 6 )
OwnerGovernment of Canada
Number of employees
95 (June, 2022.)
Websitecib-bic.ca

The Canada Infrastructure Bank (French: Banque de l'infrastructure du Canada) (CIB) is a federal Crown Corporation of Canada tasked with financially supporting revenue-generating infrastructure projects that are "in the public interest" by catalyzing private investment through methods such as direct investment and public-private partnerships.

The bank was set up in coordination with equity investors such as BlackRock and Canada's largest pension funds. The CIB was officially established in June 2017. Its inaugural chairperson was former Royal Bank of Canada CAO and CFO Janice Fukakusa. The CIB functionally replaced PPP Canada, which was dismantled in 2018.

The CIB's stated purpose is to support the government of Canada's official infrastructure priorities, such as investing in public transit, trade and transportation, and green infrastructure.

The bank's role and operations have been criticized by a wide variety of associations, scholars, and opposition parties from its early beginnings. Critics have decried the CIB's lack of transparency, poor efficiency, and high costs. In May 2022, the House of Commons transport committee recommended that the bank be abolished.

  1. ^ a b c d e Cite error: The named reference CIB_FIN_Report_2019_2020 was invoked but never defined (see the help page).

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