Press Progress reports that buried in the Canada Infrastructure Bank (CIB)’s annual report is praise for the water system in the town of Mapleton in Wellington County, Ontario as an example of a good private-public partnership (P3). The CIB report says there is “potential” for similar privatization schemes across the country.
The Trudeau government created the CIB as a Crown Corporation in 2017. According to its website, the “Canada Infrastructure Bank attracts and co-invests with private sector and institutional investors in new, revenue-generating infrastructure projects that are in the public interest. Our priority areas are public transit, trade and transportation, green infrastructure and broadband.”