Sometimes they were built by private capital, sometimes by government, but nobody pretended they were more than what they were: services, like any other, useful for getting from one place to another. Infrastructure was a jobs policy one day, an environmental policy the next, a national unity policy the day after that. But wherever public and private funds are commingled, the risk is of another kind — of privatized gains and public losses. For among the private capital sources the council envisages tapping are Canada’s public pension plans. If the infrastructure bank wants foreign pension plans to invest, godspeed.

Source: National Post October 22, 2016 01:07 UTC