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5(1) A corporation is established to be known as the Canada Infrastructure Bank. Marginal note: Head office. (2) The head office of the Bank is to be at a place in Canada that is designated by the Governor in Council. Marginal note: Capacity. (3) The Bank has the capacity and, subject to the provisions of this Act and of the regulations, the ...
Canada Infrastructure Bank Act. 1 - Short Title. 2 - Interpretation. 3 - Designation and Appropriate Minister. 5 - Establishment and Organization of the Bank. 5 - Status of the Bank. 6 - Purpose and Functions. 8 - Board and Chief Executive Officer. 16 - Financial Management and Control.
The Canada Infrastructure Bank Act, the legislation that established the CIB, was part of Bill C-44, Budget Implementation Act, 2017, which received Royal Assent on June 22, 2017. The full text of The Canada Infrastructure Bank Act is available on the Government of Canada’s Justice Laws Website .
The Canada Infrastructure Bank was announced by the Finance Minister, Bill Morneau, during the 2016 fall economic update. This was based on a campaign promise made by the Liberal Party during the 2015 Canadian federal election. The bank was officially established in June 2017, when the Canada Infrastructure Bank Act received royal assent. The ...
The Canada Infrastructure Bank (CIB) is a federal Crown corporation established to ensure Canadians benefit from modern and sustainable infrastructure through partnerships between governments and the private sector. It does this through its core functions of supporting (through advisory, research and data) and investing in infrastructure ...
The Canada Infrastructure Bank Act (CIB Act) set out broad authorities for the Bank to “invest and seek to attract investment from private-sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada that will generate revenue and that will be in the public interest.”
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The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. This initial corporate plan is intended to provide an overview of the Canada Infrastructure Bank and allow it to conduct start-up activities in order to have a public launch by the end of 2017.
