Projects under the new infrastructure bank would have to generate revenue, meaning they would result in new toll roads or bridges. The revenues attached to projects financed through the soon-to-be-created infrastructure bank are key to the government’s plan to leverage private capital to pay for public roads, bridges and transit systems. Experts say the wording in the documents suggests taxpayers will be asked to take on a bigger slice of the financial risk in a project to help private investors, a charge the government rejects. Article Continued BelowBrook Simpson, a spokesperson for Infrastructure Minister Amarjeet Sohi, said the infrastructure bank would only be liable for its own stake in a project and the possibility of lower-than-expected revenues would be part of the risk private investors assume in financing a project. “The (bank) is designed to shift risk to the private sector appropriate for the investments they make,” Simpson said.

Source: thestar May 31, 2017 18:56 UTC