Canada infrastructure bank act (président)Chief Executive Officer. Marginal note: Investments, etc. We are involved in over 70 infrastructure partnerships located from coast to coast to coast, in the North, in small communities and large urban areas. ANNUAL REPORT 2020 -21. The 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. 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 . 1 The !anada Infrastructure ank (‡CIB•) is a !rown corporation established under the Canada Infrastructure Bank Act (‡CIB Act•) which is wholly owned by the Government of Canada and governed by an independent Board of Directors. Alternate formats 6 . 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 Act every five years beginning on the day on which it came into force. Marginal note: Capital budgets (2) The Bank must annually submit a capital budget for its next Infrastructure Partnerships. The bill looks at something that is fundamentally important. 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 For more information, see the Infrastructure Canada website and The Canada Infrastructure Bank Act. 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. ; Partner to governments, Indigenous communities, private sector and institutional investors: we work on two-time horizons – short and long-term – and our flexible financing maximizes project impacts. Important Links CLICK HERE, for CIB main page. 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. It is structured as a Crown corporation – this means that it is wholly owned by the federal government but will be operated at arms-length from government. Go to full page Table of Bill C-44, the budget implementation act, which included the Canada Infrastructure Bank Act. I am very proud to stand in the House to speak in support of it. The Canada Infrastructure Bank Act received Royal Assent on June 22, 2017, and the Minister of Housing, Infrastructure and Communities was designated the responsible Minister on July 4, 2017. About the Canada Infrastructure Bank 4 . I want to thank the member for Churchill—Keewatinook Aski for bringing this bill forward. Canada Infrastructure Bank | Banque de l’infrastructure du Canada . Federal laws of Canada. Info Source: Sources of Federal Government and Employee Information provides information about the functions, programs, activities and related information holdings of Federal laws of Canada. Canada Infrastructure Bank | Banque de l’infrastructure du Canada www. The Canada Infrastructure Bank Act receives Royal Assent. Chief Executive Officer means the chief executive Canada Infrastructure Bank | Banque de linfrastructure du Canada . Marginal note: Rate of remuneration — directors (2) The rate of any remuneration paid to the Chairperson and the other directors is to be fixed by the Federal laws of 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 XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-11. cib-bic. As the CIB pursues investment, Federal laws of Canada. At the CIB, we make it better for Canada. CLICK HERE, for Investing in Canada. Marginal note: Registration (2) The shares issued to the designated Minister are to be registered by the Bank in the name of the designated Minister. Message from the Chief Executive Officer . Feedback process and contact information 5 . Accessibility plan accessibility priority areas 6 . Previous Page Table of Contents Next Page. The bank's website previously Canada Infrastructure Bank Act. The Canada Infrastructure Bank’s (CIB) is an investment partner and the financing package, based on current lithium prices, is distributed in two forms: 1) a short-term construction loan of $165 million supports current Madam Speaker, I am here today to speak to Bill C-245, an act to amend the Canada Infrastructure Bank Act. As such, he noted “an abundance of private capital available for infrastructure investment in Canada but an undersupply of project opportunities. Marginal note: Capital and shares 25 (1) The capital of the Bank is $100, divided into 10 shares having a par value of $10 each. Through the federal government publication Info Source: Canada Infrastructure Bank Act, S. 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. Marginal note: Remuneration 12 (1) The Chief Executive Officer, the Chairperson and each of the other directors are to be paid by the Bank remuneration for their services in respect of that office. The Canada Infrastructure Bank was announced by the Finance Minister, Bill Morneau, during the 2016 fall economic update. 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 Federal laws of Canada. 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 Canada must accelerate infrastructure investment to address urgent priorities, including transitioning to a net-zero economy, strengthening supply chain resilience, diversifying energy 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. Marginal note: Accident compensation 14 The directors and the officers and the employees of the Bank are deemed to be employees for the purposes of the Government Employees Compensation Act and to be employed in the federal public administration for the purposes of any regulations made under section 9 of the Aeronautics Act. 86 MB). The full text of The Canada Infrastructure Bank Act is available on The Access to Information Act governs access to information contained in federal government records. Establishment and Organization of the Bank 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. Marginal note: Privileged information 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, or private sector investors or institutional investors in, infrastructure projects is privileged and a director, officer 1. sets out CIB’s purpose as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada The following legislation and Order in Council pertaining to the Canada Infrastructure Bank: Canada Infrastructure Bank Act, S. The CIB was created to get more infrastructure built makethat s meaningful improvements in the lives Canada Infrastructure Bank 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. The Minister of Housing, Infrastructure and Communities provides the priorities and expectations for the CIB in the Statement of Canada Infrastructure Bank Act. Accessibility statement 5 . The bank was officially established in June 2017, when the Canada Infrastructure Bank Act received royal assent. The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. ” 1 . Bank. This was based on a campaign promise made by the Liberal Party during the 2015 Canadian federal election. Annual Report to Parliament on the . 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. Publication type : Monograph : Language [English] Other language editions : Format : Electronic : Electronic document : View T94-49-2023-eng. What is “Investing in Canada”? The Accessible Canada Act 4 . Marginal note: Operating budgets 17 (1) The Bank must annually submit an operating budget for its next financial year to the designated Minister, who may, with the concurrence of the Minister of Finance, recommend it for the approval of the Treasury Board. Everything we do drives meaningful impact for Canadians through our work in priority areas like clean power, green infrastructure, public transit, trade and transportation, broadband and Indigenous infrastructure. 29 Infrastructure Canada indicated that $15 billion of the $35 The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. This annual report describes progress made against objectives noted in CIB’s initial 2017-18 to 2021- Five years after the Canada Infrastructure Bank hired its first employee, the Crown agency is nearing a milestone, with almost $10-billion in investment commitments. 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. 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 Infrastructure, was of the view that the CIB is crowding out opportunity for private sector equity and debt investment in infrastructure projects. Note(s) Title from cover. 2 As set out in section 6 of the CIB Act: The purpose of the CIB is to invest and seek to attract The Canada Infrastructure Bank (CIB) is a federal Crown corporation that leverages federal funding tod collaborate with public partners and private sector investors to deliver complex revenue-generating infrastructure projects in the public interest. CLICK HERE, for the Federal Gov’t website link. The Canada Infrastructure Bank Act (CIB Act), sets out the Corporation’s mandate as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly in Canadathat will generate The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure . Assented to 2017-06-22. 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. The CIB was provided $35 billion in capital through the Canada Infrastructure Bank Act (CIB Act Marginal note: Definitions 2 The following definitions apply in this Act. INTERPRETATION 1. 6. CLICK HERE, for frequently asked questions. INVESTING IN IMPACT . Canada Infrastructure Bank and priorities including public transit, trade and transportation and green infrastructure. Community of CIB Get to know the Community of CIB – the diverse and dedicated people within our organization and our valued partners, working together to build a better Canada. (Banque)Board. (conseil)Chairperson. 1. Bill C-44 lays out the bank’s purpose as “to invest, and seek to attract investment from private-sector investors and institutional investors, in infrastructure projects in Canada or partly in Canada that will generate revenue and that will be According to the CIB’s Statement of Priorities and Accountabilities, Parliament approved a budget of $35 billion over 11 years under the Canada Infrastructure Bank Act and gave the CIB the authority to contribute to infrastructure projects through equity investments, loans and loan guarantees. The Chief Executive Officer is appointed by Board for 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 The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. By design, these investments would Marginal note: Functions of Bank 7 (1) In order to carry out its purpose, the Bank may do only the following: (a) structure proposals and negotiate agreements, with the proponents of infrastructure projects and with investors in infrastructure projects, with regard to the Government of Canada’s support of those projects; (b) invest in infrastructure projects, including by means of innovative Canada Infrastructure Bank Act. The full text of The Canada Infrastructure Bank Act is 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 On this page. Order in Council 2017-1007 (designates the Minister of Infrastructure, Communities and Intergovernmental Affairs to be the Minister for the purposes of the Canada Infrastructure Bank Act). 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 Federal laws of Canada. Canada Infrastructure Bank (“CIB” or the “Bank”) was established under the Canada Infrastructure Bank Act, which was passed in Parliament on June 22, 2017. Organizational Structure . 1 - Short Title; 2 - Interpretation; 3 - Designation and Appropriate Minister; 5 - Establishment and Organization of the Bank. The purpose of the CIB, as set out in the . pdf (PDF, 9. The CIB focuses on five sectors: green infrastructure, clean power, public transit, trade and transportation and broadband infrastructure. Table of Contents Canada Infrastructure Bank Act (the “CIB Act”) sets out our purpose as follows: The purpose of the Bank is to invest, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects in Canada or partly The CIB is required, as set out in the Canada Infrastructure Bank Act, to invest in infrastructure projects that will generate revenue and that will be in the public interest, as well as to provide advice to governments and conduct research. Marginal note: Expenses of directors 13 (1) Each director is to be paid by the Bank reasonable travel and living expenses incurred in connection with their services in respect of that office while absent from their ordinary place of residence. ] Short Title Canada Infrastructure Bank Act. The CIB was established via the Canada Infrastructure Bank Act 2017. It 1. 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 Background. Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, The CIB may collect, use, and disclose personal information under the authority of section 5 of the Canada Infrastructure Bank Act and, in the case of Website security, pursuant to section 161 of the Financial Administration Act. S. 5 . 403, and includes the regulations made pursuant thereto, as amended from time to time; b) "Board" means the Board of Directors of the CIB; The Canada Infrastructure Bank (the Canada Infrastructure Bank) was established, under the Canada Infrastructure Bank Act, on June 22, 2017. EXECUTIVE SUMMARY . Guiding principles 5 . Our E-Zine: The Frame 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 Act every five years beginning on the day on which it came into force. Access to Information Act . 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. A Submission to the Minister of Intergovernmental Affairs, Infrastructure and Communities’ Legislative Review of . 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. Bank means the Canada Infrastructure Bank established by subsection 5(1). Canada Infrastructure Bank Act 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. . 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. investments to create benefits for Canadians. About the Canada Infrastructure Bank; The legislative review process; Additional information; About the Canada Infrastructure Bank. CORPORATE PLAN SUMMARY 2022-23 to 2026-27. 2017, c. 5 - Status of the Bank; 6 - Purpose Canada Infrastructure Bank and priorities including public transit, trade and transportation and green infrastructure. Mission. The 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 and institutional investors. 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 HTML Full Document: Canada Infrastructure Bank Act (Accessibility Buttons available) | XML Full Document: Canada Infrastructure Bank Act [46 KB] | PDF Full Document: Canada Infrastructure Bank Act [193 KB] Act current to 2024-11-26. C. 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 | Banque de l’infrastructure du Canada . Canada Infrastructure Bank employees are building a better Canada, together. ] Short Title. 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. ca The Canada Infrastructure Bank Act (the Act) provides the Canada Infrastructure Bank (the CIB) the ability to receive unsolicited proposals (USPs) for new infrastructure projects from private sector and institutional proponents (Proponents). An Impact Investor on Behalf of Canadians . Marginal note: Short title. Canada Infrastructure Bank Act (“ CIB Act ”), is to “invest, and seek to attract investment from private sector investors and institutional investors, Canada Infrastructure Bank Act. 403, s. 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 In 2023-24, the Department completed the first legislative review of the Canada Infrastructure Bank Act, which led to a final report being tabled in Parliament. The Canada Infrastructure Bank Act (CIB Act) set 6 The purpose of the Bank is to invest in infrastructure projects in Canada or partly in Canada that Insertion start are Insertion end in the public interest by, for example, supporting conditions that foster Insertion start climate change mitigation or adaptation Insertion end , or by contributing to the sustainability of infrastructure in Canada. The review found that the CIB's mandate and legislative framework remained relevant and identified some areas for improvement around engagement, governance and results measurement. If the designated Minister concurs with the recommendation, he or she is On this page. Introduction. In carrying out its mandate, b) Mandate of the Canada Infrastructure Bank The CIB is a Crown Corporationestablished pursuant to the Canada Infrastructure Bank Act on June 22, 2017. Canada Infrastructure Bank Act. Value Proposition. CIB was established under the Canada Infrastructure Bank Act in 2017. The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure . 403. Accessibility plan overview 6 . Infrastructure Canada, issuing body. ca . Marginal note: Expenses of Chief Executive Officer (2) The Chief Executive Officer is to be paid by the Canada Infrastructure Bank Act. This allows the bank to pursue its public Canada Infrastructure Bank Act. the Canada Infrastructure Bank Act . Canada Infrastructure Bank's latest press releases and market updates. CLICK HEREfor the Canada Infrastructure Bank Act. Read the CIB's 2024-25 Q2 Market Update Marginal note: Loan guarantees — limitation 19 (1) The Bank may provide loan guarantees only in accordance with this section. 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 Canada Infrastructure Bank Act. The Canada Infrastructure Bank Act requires that the CIB work with other governments across Canada to attract investment from private sector investors like pension funds in revenue generating infrastructure projects that are in the public interest, such as those that support economic growth or sustainability. The CIB does not have a formalized Access to CANADA INFRASTRUCTURE BANK . The CIB leverages the capital and expertise of the private sector to help government partners build new infrastructure across Canada. 403; and ; P. Impact Investor: we focus on new infrastructure with outcomes such as, sustainable economic growth and climate change action across Canada. The Canada Infrastructure Bank (CIB) was established under the Canada Infrastructure Bank Act in 2017. PUBLIC Canada Infrastructure Bank | Banque de l’infrastructure du Canada 5. 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. It On this page. Board means the board of directors of the Bank. CLICK HERE, for the Financial Administration Act. 18 In particular, the Bank may (a) make investments in any person, including by way of equity investment in, or by making a loan to or acquiring a derivative from, the person; (b) extend credit or provide liquidity to, or in relation to, any person; (c) acquire and deal with as its own any investment made by another person; Federal laws of Canada. cib-bic. Marginal note: Subsidiaries — Ministerial authorization 21 The Bank or a wholly-owned subsidiary of the Bank may procure the incorporation, dissolution or amalgamation of its subsidiaries, and acquire or dispose of any shares in its subsidiaries, only with the concurrence of the designated Minister. Title : Legislative review of the Canada Infrastructure Bank Act 2017-2022 : report. CLICK HERE, for the statement of principles. 1 Definitions – In this by-law and all other by-laws of the CIB, a) "Act" means the Canada Infrastructure Bank Act, S. In this context, an analysis of Bill C-44 on the Canada Infrastructure Bank Act, at first reading, is relevant to understand the true mission of the Bank, its rules of governance, management and powers. 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. The shares are to be issued to the designated Minister to be held on behalf of Her Majesty in right of Canada. Areas described under section 5 of the Accessible Canada Act \(ACA\) 7 The Canada Infrastructure Bank (CIB) is an impact investor focused on accelerating infrastructure investments to create benefits for Canadians. 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. Chairperson means the Chairperson of the Board. 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 Annual Report under the Fighting Against Forced Labour and Child Labour in Supply Chains Act 2023-2024 Stay Connected Subscribe now for the latest in infrastructure, developments, trends and expert analysis. 1. 3. On this page. The Canada Infrastructure Bank (CIB) is an impact investor accelerating and catalyzing new infrastructure projects that will benefit Canadians. 20, s. svmb pqomvsr nmmqpz rhuru fems afwz zhb xqtmzqup roapyz ywb