Discussion · Government Orders
Greg McLean Conservative
“The Canada Infrastructure Bank is a waste. It changed its rules just to take over projects other funds were already doing. Private investors could have funded these projects better, cheaper, and with less government overhead.”
“Mr. Speaker, the Canada Infrastructure Bank is a government stood-up instrument that had to change its mandate because it did not have anything to do. It changed its mandate to step on other funds that were already in the market. It was a government institution looking for a market that was not there, so it morphed into one that was. These projects would have been funded more efficiently with less overhead if they had not been government-invested. I would encourage my colleague across the way to look at my cross-examination of the leadership of the Canada Infrastructure Bank on its investments in Lion Electric, because it was a complete boondoggle.”
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Mr. Speaker, the Canada Infrastructure Bank is a government stood-up instrument that had to change its mandate because it did not have anything to do. It changed its mandate to step on other funds that were already in the market. It was a government institution looking for a market that was not there, so it morphed into one that was. These projects would have been funded more efficiently with less overhead if they had not been government-invested. I would encourage my colleague across the way to look at my cross-examination of the leadership of the Canada Infrastructure Bank on its investments in Lion Electric, because it was a complete boondoggle.