Canada infrastructure bank act. Read the CIB's 2024-25 Q2 Market Update On this page.

Canada infrastructure bank act. Canada Infrastructure Bank Act.

• Canada infrastructure bank act 5 - Status of the The Canada Infrastructure Bank (CIB) is a Crown corporation mandated to invest in infrastructure which benefits Canadians. The Government of Canada is seeking applications from qualified, diverse, and talented individuals to fill this position through an Info Source: Sources of Federal Government and Employee Information provides information about the functions, programs, activities and related information holdings of Canada Infrastructure Bank Act. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Canada Infrastructure Bank | Banque de l’infrastructure du Canada . Note(s) Title from cover. The CIB’s purpose is to invest in large, transformational and revenue generating projects that are in the public interest and developed and delivered in partnership with public, private and institutional investors. 1 Purpose 1. 403. The purpose of the CIB, as set out in the Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, in The Canada Infrastructure Bank (CIB) is a federal Crown corporation that leverages federal funding tod collaborate with public partners and private sector investors to deliver complex revenue-generating infrastructure projects in the public interest. 8 (2) Each director, other than the Chairperson, is to be appointed by the Governor in Council to hold office during pleasure for a term of not more than four years that will ensure, to the extent possible, the The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure . 28 . The full text of The Canada Infrastructure Bank Act is available on Federal laws of Canada. ca . MANDATE, MISSION AND DESCRIPTION. Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, The CIB was established via the Canada Infrastructure Bank Act 2017. The Board of Directors of the Canada Infrastructure Bank is aware that its own governance policies, practices and procedures should adhere to the highest principles underlying corporate governance in both the public and private sectors. Guiding principles 5 . But rather than investing public money in public services, the CIB has instead privatized our water, transportation and electricity. 1. Accessibility plan overview 6 . It was established as a Crown corporation the following year by the Canada Infrastructure Bank Act (CIBA). Canada Infrastructure Bank | Banque de l’infrastructure du Canada . ‍5 degrees Celsius (1. This means that Canadian citizens, permanent residents, persons present in Canada, or corporations can, formally or informally, request records under the control of Canada Infrastructure Bank. 5 - Status of the By design, the CIB collaborates with federal, provincial, territorial, municipal, Indigenous and private investor partners to transform the way infrastructure is planned, funded and delivered. 403; and ; P. 2016 Fall Economic Statement as a way to attract private sector investment in Canadian infrastructure. XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-26. It is structured as a Crown corporation – this means that it is wholly owned by the federal government but will be operated at arms-length from government. ANNUAL REPORT 2020 -21. Accessibility plan accessibility priority areas 6 . The Act establishes the CIB and identifies as part of its purpose investment in infrastructure that “will be in the public interest by, for example, supporting conditions XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-26. Why does Canada need an alternative model for infrastructure investment? Canada faces a significant infrastructure Canada Infrastructure Bank Act. Read the CIB's 2024-25 Q2 Market Update On this page. Mission. Marginal note: Definitions 2 The following definitions apply in this Act. Marginal note: Recommendation (2) The Bank may recommend to the designated Minister that the Minister of Finance approve a loan guarantee with respect to an infrastructure project. 1 - Short Title; 2 - Interpretation; 3 - Designation and Appropriate Minister; 5 - Establishment and Organization of the Bank. Madam Speaker, it is an honour to stand this morning in support of Bill C-245, an act to amend the Canada Infrastructure Bank Act. Canada Infrastructure Bank | Banque de l’infrastructure du Canada Canada Infrastructure Bank IMPACTFUL MOMENTUM Corporate Plan Summary | 2023-24 to 2027-28. INTERPRETATION 1. A Submission to the Minister of Intergovernmental Affairs, Infrastructure and Communities’ Legislative Review of . cib-bic. ‍5°C) above pre The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. 28 (1) Subject to subsection (2), all information obtained by the Bank, by any of the Bank’s subsidiaries or by any of the subsidiaries of the Bank’s wholly-owned subsidiaries in relation to the proponents of infrastructure projects is privileged and a director, officer, employee, or agent or mandatary of, or adviser or consultant to, the Bank, any of its subsidiaries, or any of the On this page. 6 The purpose of the Bank is 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 by, for example, supporting conditions that foster economic growth or by contributing to the sustainability of infrastructure Value Proposition. B. Accessibility statement 5 . 20, s. investments to create benefits for Canadians. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance CIB was established under the Canada Infrastructure Bank Act in 2017. Assented to 2017-06-22. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance. sets out CIB’s purpose as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada Info Source: Sources of Federal Government and Employee Information provides information about the functions, programs, activities and related information holdings of Incorporation: Canada Infrastructure Bank Act. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Canada Infrastructure Bank | Banque de l’infrastructure du Canada. S. EXECUTIVE SUMMARY . 18 In particular, the Bank may (a) make investments in any person, including by way of equity investment in, or by making a loan to or acquiring a derivative from, the person; (b) extend credit or provide liquidity to, or in relation to, any person; (c) acquire and deal with as its own any investment made by another person; Canada Infrastructure Bank | Banque de linfrastructure du Canada . 1 The Canada Infrastructure Bank (“ CIB ”) is a Crown corporation established under the . Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-11. Marginal note: Regulations. and by-laws, including the supervision of business operations, forward planning, strategic direction, and investment decisions, in line with the Government of Canada's priorities. Marginal note: Capital payments 23 The Minister of Finance may pay to the Bank, out of the Consolidated Revenue Fund, amounts of not more than $35,000,000,000 in the aggregate, or any greater aggregate amount that may be authorized from time to time under an appropriation Act. The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure . Order in Council 2017-1007 (designates the Minister of Infrastructure, Communities and Intergovernmental Affairs to be the Minister for the purposes of the Canada Infrastructure Bank Act). 1 Definitions – In this by-law and all other by-laws of the CIB, a) "Act" means the Canada Infrastructure Bank Act, S. Page . INVESTMENT POLICY . Impact Investor: we focus on new infrastructure with outcomes such as, sustainable economic growth and climate change action across Canada. The CIB was created to get more infrastructure built makethat s meaningful improvements in the lives Federal laws of Canada. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance The Accessible Canada Act 4 . Feedback process and contact information 5 . Canada Infrastructure Bank and priorities including public transit, trade and transportation and green infrastructure. 8 (1) The Bank has a board of directors composed of the Chairperson and not fewer than eight, but not more than 11, other directors. We are involved in over 70 infrastructure partnerships located from coast to coast to coast, in the North, in small communities and large urban areas. If the designated Minister concurs with 28 (1) Subject to subsection (2), all information obtained by the Bank, by any of the Bank’s subsidiaries or by any of the subsidiaries of the Bank’s wholly-owned subsidiaries in relation to the proponents of infrastructure projects is privileged and a director, officer, employee, or agent or mandatary of, or adviser or consultant to, the Bank, any of its subsidiaries, or any of the For more information, see the Infrastructure Canada website and The Canada Infrastructure Bank Act. cib-bic. It was established as a Crown corporation the following year by . This allows the bank to pursue its public 1. Introduction. Within the $35 billion, the CIB has access to a maximum fiscal expense of Canada Infrastructure Bank Act. 3 . and the Minister’s Statement of Priorities and Accountabilities (SPA) are central . 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-26. An Act to establish the Canada Infrastructure Bank [Enacted by section 403 of chapter 20 of the Statutes of Canada, 2017, in force on assent June 22, 2017. As the CIB pursues investment, The federal government says the Canada Infrastructure Bank (CIB) will play a major role in its post-COVID economic agenda. Canada Infrastructure Bank (“CIB” or the “Bank”) was established under the Canada Infrastructure Bank Act, which was passed in Parliament on June 22, 2017. Marginal note: Five-year review 27 (1) Every five years beginning on the day on which this Act comes into force, the designated Minister must have a review of the provisions and operation of this Act undertaken. Background. Introduction 1. This page will remain open for further revision, modification, replacement or cancellation by Canada Infrastructure Bank at any time and in no event shall Canada Infrastructure Bank be Canada Infrastructure Bank Act. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Annual Report under the Fighting Against Forced Labour and Child Labour in Supply Chains Act 2023-2024 Stay Connected Subscribe now for the latest in infrastructure, developments, trends and expert analysis. the Canada Infrastructure Bank Act . The Financial Consumer Agency of Canada (FCAC) administers sections of the Bank Act that have been designated as consumer provisions. ; Partner to governments, Indigenous communities, private sector and institutional investors: we work on two-time horizons – short and long-term – and our flexible financing maximizes project impacts. . , with the first review covering the period of June 22, 2017 to June 22, 2022). e. The Canada Infrastructure Bank Act, the enabling legislation for the Canada Infrastructure Bank (CIB), requires the Minister to undertake a review of the provisions and operations of the CIB Act every five years beginning on the day on which it came into force. An Act to establish the Canada Infrastructure Bank [Enacted by section 403 of chapter 20 of the Statutes of Canada, 2017, in force on assent June 22, 2017. The 2017 Canada Infrastructure Bank Act sets out the corporation's mandate to invest, and seek to attract investment from private-sector investors and institutional investors, in revenue-generating infrastructure projects that are "in The primary purpose of this act is to establish the Bank of Canada, a central bank responsible for managing the country’s monetary policy, maintaining financial stability, and promoting 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 Federal laws of Canada. Marginal note: No overlapping offices. Everything we do drives meaningful impact for Canadians through our work in priority areas like clean power, Canada Infrastructure Bank Act. 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. 29 Infrastructure Canada indicated that $15 billion of the $35 THE CANADA INFRASTRUCTURE BANK INTRODUCTION The Canada Infrastructure Bank (CIB) was announced in the . sets out CIB’s purpose as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada The Canada Infrastructure Bank Act (CIB Act), sets out the Corporation’s mandate as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canadathat will generate In this context, an analysis of Bill C-44 on the Canada Infrastructure Bank Act, at first reading, is relevant to understand the true mission of the Bank, its rules of governance, management and powers. 1 The Canada Infrastructure Bank (“CIB”) is a Crown corporation established by the Canada Infrastructure Bank Act (the “ CIB Act ”) with the purpose to invest, and seek to attract investment from private sector investors and Whereas Canada has ratified the Paris Agreement, done in Paris on December 12, 2015, and in force as of 2016, and the aims of that Agreement include holding the increase in the global average temperature to well below 2 degrees Celsius (2°C) above pre-industrial levels and pursuing efforts to limit the temperature increase to 1. 86 MB). 403, and includes the regulations made pursuant thereto, as amended from time to time; b) "Board" means the Board of Directors of the CIB; The Canada Infrastructure Bank Act, the enabling legislation for the Canada Infrastructure Bank (CIB), requires the Minister to undertake a review of the provisions and operations of the CIB Act every five years beginning on the day on which it came into force. The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. The CIB’s purpose is 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 Canada Infrastructure Bank | Summary Amended Corporate Plan 2019-20 to 2023-24 1. C. If the designated Minister concurs with On this page. 5 . The CIB’s purpose is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada that The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. The Canada Infrastructure Bank (CIB) is a Crown corporation that reports to Parliament through the Minister of Infrastructure and Communities. 1. Marginal note: Privileged information 28 (1) Subject to subsection (2), all information obtained by the Bank, by any of the Bank’s subsidiaries or by any of the subsidiaries of the Bank’s wholly-owned subsidiaries in relation to the proponents of, or private sector investors or institutional investors in, infrastructure projects is privileged and a director, officer Five years after the Canada Infrastructure Bank hired its first employee, the Crown agency is nearing a milestone, with almost $10-billion in investment commitments. ) The Canada Infrastructure Bank (CIB) was created in 2017 with an ambitious goal: to advance a new partnership model in Canada that can transform the way infrastructure is Canada Infrastructure Bank Act. It Under the Canada Infrastructure Bank Act, the CIB is mandated to invest in – and to seek to attract – private and institutional capital in revenue-generating infrastructure projects in Canada or partly in Canada that are in the public interest. Marginal note: Auditors. 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 Canada Infrastructure Bank Act. Bank. Publication type : Monograph : Language [English] Other language editions : Format : Electronic : Electronic document : View T94-49-2023-eng. Bank means the Canada Infrastructure Bank established by subsection 5(1). Community of CIB Get to know the Community of CIB – the diverse and dedicated people within our organization and our valued partners, working together to build a better Canada. An Impact Investor on Behalf of Canadians . Municipal officials across Canada have already encountered proposals for major infrastructure projects developed and financed through the Bank. 11 An individual is not entitled to hold the offices of Chairperson and Chief Executive Officer at the same time. 2 As set out in section 6 of the CIB Act: The purpose of the CIB is to invest and seek to attract The following legislation and Order in Council pertaining to the Canada Infrastructure Bank: Canada Infrastructure Bank Act, S. Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, The Canada Infrastructure Bank (CIB) Act, the enabling legislation for the Canada Infrastructure Bank, requires the Minister to undertake a review of the provisions and operations of the CIB Act every five years beginning on the day on which it came into force (i. Through the federal government publication Info Source: In 2017, the Canada Infrastructure Bank Act established the CIB as an innovative fnancing tool to work with the public sector and private and institutional investors to grow and accelerate the pace of infrastructure development across the country. of . The Canada Infrastructure Bank Act provides the CIB with the authority to utilize a broad range of financial instruments deployed on a case by case basis to make investments of $35 billion. 1 This Act may be cited as the Canada Infrastructure Bank Act The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. Alternate formats 6 . The CIB was provided $35 billion in capital through the Canada Infrastructure Bank Act (CIB Act The Canada Infrastructure Bank Act, the enabling legislation for the Canada Infrastructure Bank (CIB), requires the Minister to undertake a review of the provisions and operations of the CIB Act every five years beginning on the day on which it came into force. The CIB may collect, use, and disclose personal information under the authority of section 5 of the Canada Infrastructure Bank Act and, in the case of Website security, pursuant to section 161 of the Financial Administration Act. ” or “B. Chairperson means the Chairperson of the Board. Marginal note: Financial year. Year Incorporated: 2017. pdf (PDF, 9. Marginal note: Subsidiaries — Ministerial authorization. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance The CIB is required, as set out in the Canada Infrastructure Bank Act, to invest in infrastructure projects that will generate revenue and that will be in the public interest, as well as to provide advice to governments and conduct research. About the Canada Infrastructure Bank; The legislative review process; Additional information; About the Canada Infrastructure Bank. b) Mandate of the Canada Infrastructure Bank The CIB is a Crown Corporationestablished pursuant to the Canada Infrastructure Bank Act on June 22, 2017. PROCUREMENT POLICY . Website: www. 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 1. Marginal note: Recommendation for loan or loan guarantee 22 (1) The Bank may recommend to the designated Minister that the Minister of Finance make a loan or provide a loan guarantee with respect to an infrastructure project. 1 CIB’s Mandate and Authorities . It Canada Infrastructure Bank Act. The purpose of the CIB, as set out in the . (conseil)Chairperson. 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. The purpose of the CIB, as set out in the Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, in Federal laws of Canada. But is this really the only option? Is it the best option? Disclaimer: Canada Infrastructure Bank, in its sole and absolute discretion, may choose to make available amendments, revisions, modifications or replacements to this website. ] Short Title. About the Canada Infrastructure Bank 4 . the Canada Infrastructure Bank Act (CIBA). Marginal note: Registration (2) The shares issued to the designated Minister are to be registered by the Bank in the name of the designated Minister. Table of Contents The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. Introduction . 8 (2) Each director, other than the Chairperson, is to be appointed by the Governor in Council to hold office during pleasure for a term of not more than four years that will ensure, to the extent possible, the The Access to Information Act governs access to information contained in federal government records. The Housing and Diversity and Inclusion portfolio, is supported by Infrastructure Canada, and by our colleagues at Women and Gender Equality and Canadian Heritage. By design, these investments would On this page. The Canada Infrastructure Bank (CIB), a federal government financial institution, opened its doors five years ago with great promise, vowing to deploy $35 billion of investments towards “the next generation of infrastructure Canadians need. On this page. The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. Federal laws of Canada. Executive Summary (All amounts are expressed in Canadian dollars unless otherwise stated. The Bank Act is the primary legislation governing banks and federal credit unions Footnote 1 in Canada. 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 CAGBC made a submission to Infrastructure Canada for the Legislative Review of the Canada Infrastructure Bank Act, and here are our recommendations: The mandate detailed in the CIB Act should be amended as followed: The purpose of the Bank is to invest, Canada Infrastructure Bank Act. The Minister of Housing, Infrastructure and Communities provides the priorities and expectations for the CIB in the Statement of Priorities and Accountabilities (SPA) to the Board and Chair of Canada Infrastructure Bank. (the Act) provides the Canada Infrastructure Bank (the CIB) the ability to receive unsolicited proposals (USPs) for new infrastructure projects from private sector and institutional proponents (Proponents). The shares are to be issued to the designated Minister to be held on behalf of Her Majesty in right of Canada. Table of Contents CIB Act. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Canada Infrastructure Bank Act on June 22, 2017. 10 An individual is not eligible to be appointed as the Chief Executive Officer, the Chairperson or a director if the THE CANADA INFRASTRUCTURE BANK INTRODUCTION The Canada Infrastructure Bank (CIB) was announced in the . Introduction and Definitions . ca. The Chief Executive Officer is appointed by Board for Canada Infrastructure Bank Act. Head Office: Toronto, ON. Board means the board of directors of the Bank. The Canada Infrastructure Bank (CIB), a federal government financial institution, opened its doors five years ago with great promise, vowing to deploy $35 billion of investments towards “the At the CIB, we make it better for Canada. It is important to note that it was just over three years ago when parliamentarians in the chamber admitted that we are in a climate emergency. CIB’s purpose is to invest in large, transformational and revenue generating projects that are in the public interest and developed and delivered in partnership with public, private XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-26. The Canada Infrastructure Bank Act received Royal Assent on June 22, 2017, and the Minister of Housing, Infrastructure and Communities was designated the responsible Minister on July 4, 2017. Infrastructure Canada, issuing body. I. (président)Chief Executive Officer The CIB leverages the capital and expertise of the private sector to help government partners build new infrastructure across Canada. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Canada Infrastructure Bank Act. Marginal note: Report to Parliament (2) Within one year after the review is undertaken, the designated Minister must cause a copy of the Federal laws of Canada. (Banque)Board. If it is an emergency, then we should probably act like it is one. The Canada Infrastructure Bank (CIB) is an impact investor accelerating and catalyzing new infrastructure projects that will benefit Canadians. 1 The !anada Infrastructure ank (‡CIB•) is a !rown corporation established under the Canada Infrastructure Bank Act (‡CIB Act•) which is wholly owned by the Government of Canada and governed by an independent Board of Directors. The CIB uses financial instruments including loans, equity, and, where appropriate, loan guarantees to deliver federal 28 (1) Subject to subsection (2), all information obtained by the Bank, by any of the Bank’s subsidiaries or by any of the subsidiaries of the Bank’s wholly-owned subsidiaries in relation to the proponents of, or private sector investors or institutional investors in, infrastructure projects is privileged and a director, officer, employee, or agent or mandatary of, or adviser or consultant Canada Infrastructure Bank Act. The Canada Infrastructure Bank is heading into its first full year of operation without a permanent CEO, but the bank's chair is hoping the $35-billion entity will be in a position to start The Canada Infrastructure Bank Act received Royal Assent on June 22, 2017, and the Minister of Infrastructure and Communities was designated the responsible Minister on July 4, 2017. The Canada Infrastructure Bank (CIB) continues to support public good outcomes for Canadians with currently 75 investments for a total of $13 billion across the country and 55 projects under construction, as well as three that are now Infrastructure Partnerships. The Canada Infrastructure Bank (CIB) was established under the Canada Infrastructure Bank Act in 2017. If the designated Minister concurs with the recommendation, he or she is to recommend to the Minister of Finance that Canada Infrastructure Bank's latest press releases and market updates. Marginal note: Functions of Bank 7 (1) In order to carry out its purpose, the Bank may do only the following: (a) structure proposals and negotiate agreements, with the proponents of infrastructure projects and with investors in infrastructure projects, with regard to the Government of Canada’s support of those projects; (b) invest in infrastructure projects The CIB is required, as set out in the Canada Infrastructure Bank Act, to invest in infrastructure projects that will generate revenue and that will be in the public interest, as well as to provide advice to governments and conduct research. Message from the Chief Executive Officer . Areas described under section 5 of the Accessible Canada Act \(ACA\) 7 Canada Infrastructure Bank Act. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Marginal note: Capital and shares 25 (1) The capital of the Bank is $100, divided into 10 shares having a par value of $10 each. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. The Canada Infrastructure Bank (CIB) was announced in the 2016 Fall Economic Statement as a way to attract private sector investment in Canadian infrastructure. 5 - Status of the Bank; 6 - Purpose and Functions; 8 - Board and Chief Executive Officer; 16 - Financial Management and Control; 18 - Certain Bank Powers; 22 - Powers of Minister of Finance Federal laws of Canada. Marginal note: Investments, etc. CORPORATE PLAN SUMMARY 2022-23 to 2026-27. Our E-Zine: The Frame 3 | CANADA INFRASTRUCTURE BANK ANNUAL REPORT 2019 - 2020 ABOUT US The Canada Infrastructure Bank (CIB) is a Crown corporation wholly owned by the Government of Canada. Canada Infrastructure Bank | Banque de l’infrastructure du Canada Page 2 of 11. Marginal note: Loan guarantees — limitation 19 (1) The Bank may provide loan guarantees only in accordance with this section. The Canada Infrastructure Bank (CIB) continues to support public good outcomes for Canadians with currently 75 investments for a total of $13 billion across the country and 55 projects under construction, as well as three that are now complete. The CIB focuses on five sectors: green infrastructure, clean power, public transit, trade and transportation and broadband infrastructure. The 2017 Canada Infrastructure Bank Act sets out the corporation's mandate to invest, and seek to attract investment from private-sector investors and institutional investors, in revenue-generating infrastructure projects that are "in the public interest". ] Short Title Canada Infrastructure Bank Act. The Canada Infrastructure Bank was established in 2017 as a key component of the Government of Canada’s historic investments through the Investing in Canada Plan. FCAC also monitors compliance with codes of conduct and public commitments. According to section 6 of the CIBA, the CIB’s purpose is to CANADA INFRASTRUCTURE BANK . 1 of the Financial Administration Act and in the form and manner prescribed by the Directive on Accounting Standards, GC 4400 Departmental Quarterly Financial Reports. 2017, c. This Quarterly Financial Report has been prepared by management as required by section 65. Marginal note: Ineligibility for appointment. We increase new infrastructure in Canada by attracting and co-investing with private sector and institutional investors in new, revenue-generating Canada Infrastructure Bank Act. As the CIB pursues investment, Canada Infrastructure Bank Act. Canada Infrastructure Bank Act. In 2017, the Canada Infrastructure Bank Act established the CIB as an innovative fnancing tool to work with the public sector and private and institutional investors to grow and accelerate the pace of infrastructure development across the country. ”. Canada Infrastructure Bank Act (“ CIB Act The Canada Infrastructure Bank’s (CIB) is an investment partner and the financing package, based on current lithium prices, is distributed in two forms: 1) a short-term construction loan of $165 million supports current construction activities until completion and 2) a long-term loan of up to $370 million to help partners tolerate risks associated with the first of a kind 1. This Quarterly Financial Report should be read in conjunction with the 2024 The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. This annual report describes progress made against objectives noted in CIB’s initial 2017-18 to 2021- Ottawa, Ontario, July 3, 2024 — Today, the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, announced that a selection process is underway for the position of Chair of the Canada Infrastructure Bank (CIB). ” or the acronyms “CIB” or “BIC” in reference to any function of the Bank under section 7. The Canada Infrastructure Bank Act receives Royal Assent. The Act establishes the CIB and identifies as part of its purpose investment in infrastructure that “will be in the public interest by, for example, supporting conditions The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. In carrying out its mandate, According to the CIB’s Statement of Priorities and Accountabilities, Parliament approved a budget of $35 billion over 11 years under the Canada Infrastructure Bank Act and gave the CIB the authority to contribute to infrastructure projects through equity investments, loans and loan guarantees. 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. Canada Infrastructure Bank employees are building a better Canada, together. 8 (2) Each director, other than the Chairperson, is to be appointed by the Governor in Council to hold office during pleasure for a term of not more than four years that will ensure, to the extent possible, the Canada. Marginal note: Use of Bank’s name, initials or acronyms 29 Except with the written consent of the Bank, a person must not in any prospectus or advertisement, or for any other business purpose, use the name of the Bank, the initials “C. Title : Legislative review of the Canada Infrastructure Bank Act 2017-2022 : report. INVESTING IN IMPACT . Go to full page Table of Contents. Marginal note: Short title. The CIB created this framework (the Framework) to effectively execute the USP. nnjiugd rtt evfnl iyczus utbub jtjlri ibwxj mpzcb zura ovcfg