Canada Infra Bank CEO due ‘shortly’

CEO and board of Canada Infrastructure Bank due to be revealed soon; chair says bank “open” to unsolicited proposals; bank will “complement existing models”

The inaugural chief executive and board of directors of the Canada Infrastructure Bank will be named soon, the organization’s chair has said.

Speaking at the CCPPP 2017 conference, Janice Fukakusa told delegates that the bank is “very close to putting in place the board of directors”, while the chief executive will be named soon.

She also said that the bank is “open to working with private investors in unsolicited proposals”, urging organizations to come forward to talk to the bank on possible projects.

As she laid out further details of the bank’s remit, she insisted that the organization will not look to compete with or replace existing funding models.

“The CIB will complement existing models such as P3,” she said. “It won’t compete with private investment where that already exists.

“It will provide federal support in whatever form is best for the  given project.”