Hyrdo One Sale Nets the Government $3.2 Billion for Infrastructure Projects

The government announced today that it has raised an additional $3.2 billion from the sale of Hydro One shares, which will be used to fund infrastructure. The newly raised money will be placed in the Ontario Trillium Trust, alongside a previously announced $1.35 billion. In total the government estimates that it will raise approximately $9 billion in gross proceeds and “other revenue benefits” from its sale of Hydro One shares.

For more:

News Release: Ontario Allocates $3.2 Billion for Infrastructure Projects 

The Trillium Trust and Moving Ontario Forward 

Michael Fenn, “Recycling Ontario’s Assets: A New Framework for Managing Public Finances” 

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