RCCAO Calling for a Canadian Infrastructure Bank

Last month the Residential and Civil Construction Alliance of Ontario (RCCAO) released a report, authored by University of Toronto professor Matti Siemiatycki, calling on the federal government to examine the possibility of creating a Canadian Infrastructure Bank. Key findings from the report include:

  • The cost of financing large projects can be greatly reduced by taking advantage of the federal government’s top credit rating
  • The purpose of an infrastructure bank is to provide low interest loans and credit enhancement services to provincial and municipal governments
  • Because of the relatively small difference between the interest rates at which the federal and most municipal governments borrow money, the lending services of an infrastructure bank would provide significant benefits for only the largest infrastructure projects, focusing primarily on lending services to projects with capital values of at least $10 million

Read the full report here.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s