Canada infrastructure bank act In carrying out its mandate, Canada. 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. 20, s. If the designated Minister concurs with the recommendation, he or she is to recommend to the Minister of Finance that The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. 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 was established in 2017 as a key component of the Government of Canada’s historic investments through the Investing in Canada Plan. 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. About the Canada Infrastructure Bank; The legislative review process; Additional information; About the Canada Infrastructure Bank. 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. The full text of The Canada Infrastructure Bank Act is 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 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. Establishment and Organization of the Bank Canada Infrastructure Bank and priorities including public transit, trade and transportation and green infrastructure. ] Short Title Canada Infrastructure Bank Act. Assented to 2017-06-22. 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 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. Go to full page Table of Contents. 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. 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 Access to Information Act governs access to information contained in federal government records. Publication type : Monograph : Language [English] Other language editions : Format : Electronic : Electronic document : View T94-49-2023-eng. Infrastructure Canada, issuing body. 2016 Fall Economic Statement as a way to attract private sector investment in Canadian infrastructure. If the designated Minister concurs with 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. The Canada Infrastructure Bank Act (CIB Act) set Federal laws of Canada. Within the $35 billion, the CIB has access to a maximum fiscal expense of b) Mandate of the Canada Infrastructure Bank The CIB is a Crown Corporationestablished pursuant to the Canada Infrastructure Bank Act on June 22, 2017. C. 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". 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 Canada Infrastructure Bank Act. Marginal note: Subsidiaries — Ministerial authorization. the Canada Infrastructure Bank Act (CIBA). Previous Page Table of Contents Next Page. About the Canada Infrastructure Bank 4 . Canada Infrastructure Bank Act. On this page. 1 (formerly Bill C-44) enacted the Canada Infrastructure Bank Act, 27 which established the CIB as a Crown corporation and outlined its powers and functions, its governance framework and its financial management and control. 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. 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. 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. The CIB uses financial instruments including loans, equity, and, where appropriate, loan guarantees to deliver federal 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’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 Canada Infrastructure Bank Act. Introduction. It was a new approach to a longstanding challenge. The Canada Infrastructure Bank Act receives Royal Assent. Marginal note: Financial year. 5 - Status of the 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 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. pdf (PDF, 9. Accessibility plan accessibility priority areas 6 . Areas described under section 5 of the Accessible Canada Act \(ACA\) 7 Federal laws of Canada. Feedback process and contact information 5 . 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 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. Note(s) Title from cover. 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. Title : Legislative review of the Canada Infrastructure Bank Act 2017-2022 : report. THE CANADA INFRASTRUCTURE BANK INTRODUCTION The Canada Infrastructure Bank (CIB) was announced in the . 1 - Short Title; 2 - Interpretation; 3 - Designation and Appropriate Minister; 5 - Establishment and Organization of the Bank. . 86 MB). 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. Marginal note: Loan guarantees — limitation 19 (1) The Bank may provide loan guarantees only in accordance with this section. It was established as a Crown corporation the following year by . 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 Canada Infrastructure Bank Act. 5 - Status of the Bank; 6 - Purpose 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 Canada Infrastructure Bank and priorities including public transit, trade and transportation and green infrastructure. ] Short Title. Alternate formats 6 . Guiding principles 5 . 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. 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. Read the CIB's 2024-25 Q2 Market Update XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-11. The Act 1. Marginal note: Auditors. 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 Canada Infrastructure Bank Act. Federal laws of Canada. The Chief Executive Officer is appointed by Board for Division 18 of Part 4 of the Budget Implementation Act, 2017, No. 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 . Accessibility plan overview 6 . 28 According to section 6 of the Canada Infrastructure 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 Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. 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 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. There were questions as to whether Canada Infrastructure Bank Act. 403. 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. S. 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 full text of The Canada Infrastructure Bank Act is available on 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. Marginal note: Short title. 2017, c. Accessibility statement 5 . qipdcm qjldmxf doygump oukx xnpeq ngjvm lauorjv jstbp vij yrso