Canada Infrastructure Bank Chief Says No Rush on Next Deal
- Montreal rail line becomes first project for new bank
- CEO Lavallee says there is no timeline for next funding
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On the heels of its debut deal, the head of the Canada Infrastructure Bank says it’s open for business.
The bank announced Wednesday funding of C$1.28 billion ($980 million) for a Montreal rail line, in the form of a low-interest loan, essentially replacing direct federal funding that had been allotted earlier. Creating the lender was a flagship commitment for Prime Minister Justin Trudeau’s government during the 2015 election.