Wednesday, August 22, 2018

Canada's "Infrastructure Bank": Another Squandering and Allocation of Taxpayer's Dollars...For Votes

The flagrant timing one year and two months ahead of an election, the infrastructure bank is finally starting to make "investments" after being called out by "Ottawa’s budget watchdog released a report on Wednesday outlining lingering shortfalls in the government’s infrastructure spending plans".

Not only that but the Réseau express métropolitain "investment " is in Justin's backyard, a province that is not liking him very much right now and is no doubt meant to appease his voter base.

The Canada Infrastructure Bank, "was established after the 2016 budget, and is responsible for $35 billion in spending over 11 years as part of Ottawa’s infrastructure spending plan"

It is to "operate without government interference"....Bull!

"...with the aim to invest in infrastructure projects that wouldn’t otherwise receive funding...". Oh great, marginal if not money pit investments that no one will touch. 

http://business.financialpost.com/news/economy/canada-infrastructure-bank-announces-first-investment-as-gaps-persist-in-ottawas-186-7-billion-spending-plans

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