US EditionCanada Infrastructure Bank set to fall well short of 2028 investment target: PBO
CANADA, JUL 10 – Parliament's fiscal watchdog reports the Canada Infrastructure Bank will disburse only $14.9 billion by 2027/28, missing its $35 billion target and sector-specific goals.
- The PBO reports the Canada Infrastructure Bank will disburse only $14.9 billion by 2027/28, falling over $20 billion short of its $35 billion target.
- Early in its mandate, the Canada Infrastructure Bank struggled to reach dealmaking targets, delaying commitments and leaving sector-specific goals unmet, according to the PBO report.
- The Canada Infrastructure Bank reports nearly $17 billion committed to over 100 projects, with private funding comprising nearly 48%.
- The Canada Infrastructure Bank is projected to disburse only $14.9 billion by 2027/28, over $20 billion below its target, risking delays in major projects nationwide.
- Parliamentary Budget Officer forecasts that the Canada Infrastructure Bank will miss all sector-specific targets by 2027-28, despite improved private investor engagement.
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Winnipeg Free Press+33 Reposted by 33 other sources
Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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