Canada Infrastructure Bank Expansion and Major Projects Office

planned

The federal budget promises $10 billion in new funding for the Canada Infrastructure Bank, increasing its total funding to $45 billion. The budget also expands the CIB's mandate to invest in any infrastructure projects fast-tracked through a newly established Major Projects Office, regardless of sector or asset class. This includes investments in critical minerals, pipelines, artificial-intelligence infrastructure, public transit, green infrastructure, and broadband. The budget allocates $214 million over five years for the Major Projects Office, which coordinates public and private sector investment.