Features Investments Roads & Paving
Canada Infrastructure Bank searching for leaders

May 8, 2017 – The feds are looking for leaders to run the Canada Infrastructure Bank.

The Government of Canada recently announced that it has launched an “open, transparent and merit-based selection processes to identify the Bank’s senior leadership.” The announcement was made by Minister of Infrastructure and Communities Amarjeet Sohi.

“We are excited to be taking this next step towards the creation of the bank,” he stated. “We will be looking for talented and experienced leaders from across the country to ensure that the bank meets its mandate: build more infrastructure for Canadians that will create growth and equip our communities for a more sustainable and productive future.”

The first position that the federal government is looking to fill is chairperson of the board, which will be followed by a board of directors and a CEO. Applications for all positions can be submitted through the Government of Canada’s Governor in Council Appointments website.

The federal government is planning to have the Canada Infrastructure Bank based in Toronto and be operational in late 2017.

The Canada Infrastructure Bank is designed to be a tool for provincial, territorial, and municipal partners to finance infrastructure projects. It is part of the federal government’s plan to invest more than $180 billion in infrastructure.

“The Canada Infrastructure Bank will allow us to transform how we plan, fund and build the projects we need to improve the lives of Canadians and our competitiveness around the world,” stated Minister of Finance Bill Morneau. “The Canada Infrastructure Bank will help create thousands of jobs, shorten commutes, make our economy more attractive for investment and ultimately strengthen our middle class.”

Subject to Parliamentary approval, the bank would operate at arms-length from the government as a Crown corporation and would work with provincial, territorial, municipal, Indigenous, and private sector investment partners to attract pension funds and other institutional investors to new revenue-generating infrastructure projects that are in the public interest.
Source: Infrastructure Canada.