Canada Infrastructure Bank announces first investment as gaps persist in Ottawa’s $186.7-billion spending plans

Canada Infrastructure Bank announces first investment as gaps persist in Ottawa’s $186.7-billion spending plans

OTTAWA—The Canada Infrastructure Bank announced its first-ever investment on Wednesday, just as Ottawa’s budget watchdog released a report outlining lingering shortfalls in the government’s infrastructure spending plans. The CIB said it would invest $1.28-billion in the Réseau express métropolitain, a major light rail expansion project in Montreal, in the form of a 15-year secured loan.…

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