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Privatization won’t kick-start Canadian economy
This morning, the Liberal government announced a $10 billion plan that lets corporations profit from privatized infrastructure through the Canada Infrastructure Bank.
This is a risky move that takes our country in the wrong direction. Privatization won’t kick-start the Canadian economy. A public recovery that invests in public projects and prioritizes green and social infrastructure will.
Resources
The Canada Infrastructure Bank: 10 essential questions to ask
The federal government says the Canada Infrastructure Bank (CIB) will play a major role in its post-COVID economic agenda. Municipal officials across Canada have already encountered proposals for major infrastructure projects developed and financed through the Bank. But is this really the only option? Is it the best option?
News
Liberal infrastructure bank will keep key privatization details secret
A new report warns that the Canada Infrastructure Bank will keep the public in the dark about the true costs of its privatized megaprojects.
News
Mapleton rejects private takeover of local water system
In a major win for public control of local water resources, the Township of Mapleton, Ontario, has decided to terminate the public-private partnership (P3) to deliver its new water and wastewater facility, a plan that had been supported with a $20 million commitment from the Canada Infrastructure Bank (CIB). This reversal raises questions about the flawed mandate of the CIB that puts private profit above the public interest.
News
Infrastructure bank fails to invite public to annual public meeting
Want to know more about the Canada Infrastructure Bank or ask a question about its privatization plans? The bank isn’t making it easy.
Infrastructure bank must support public, not privatized, projects
CUPE is calling on the Liberal government to scrap the privatization mandate of the Liberal government’s Canada Infrastructure Bank (CIB). Instead of being driven by private for-profit investors, the bank must fundamentally transform into a source of low-cost loans that help local governments build public infrastructure.
News
Infrastructure bank-led privatization project leaves township in deficit
What was supposed to be a poster project for the Liberal government’s bank of privatization has instead left a small community in the hole after it scrapped plans to privatize its water and wastewater systems.
News
Infrastructure bank targets local water systems
The Canada Infrastructure Bank is expanding its privatization plans to include municipal water and wastewater facilities. The bank recently announced its support for a public-private partnership in a small Ontario community, calling the move “innovative financing.”
Scrap bank of privatization, build infrastructure for Canadians
Canada needs a plan that protects the infrastructure we all own. Not a bank that sells it out from under us.
Creating a Canadian infrastructure bank in the public interest
A new report written by CUPE economist Toby Sanger warns that private financing of the proposed Canada Infrastructure Bank could double the cost of infrastructure projects, and shows how the bank can instead provide low-cost, public financing for much-needed projects.
Report
Canada Line P3 highlights dangers of Liberal infrastructure bank model
In promoting their public-private infrastructure bank, the Trudeau Liberals point to the Canada Line P3 as a success. But that’s not the whole story.