|Skeena-Bulkley Valley MP Taylor Bachrach had questions|
on the lack of infrastructure progress by the Liberal Government
A report just released by the Parliamentary Budget Office offers up some themes that the Federal government's use of the Federal Infrastructure Bank is showing little in the way of results to date.
With few success stories for the Federal Liberal government to share with the public.
The report, which you can review here, notes:Four years into its mandate, funding is being disbursed by CIB much slower than planned. As of April 22, 2021, CIB has publicly announced $5.1 billion in investments for seventeen projects. However, finalizing contracts and the actual disbursement of money has lagged the CIB’s own projections. By December 31, 2020, CIB disbursed $1.2 billion, which falls $2.0 to $4.1 billion short of prior plans (62 to 77 percent).
The MP raised his concerns as part of Thursday's Question Period in the House of Commons, calling on the Liberal government to scrap what he called a privatization project that is failing Canadians; noting how it is not getting the job done of building projects that Canadians need.
"The bank is actually a barrier to getting projects done, but this government keeps pouring more money into it, doubling down on helping private investors profit through the bank'-- Taylor Bachrach in the House of Commons Thursday
Catherine McKenna the Minister for Infrastructure and Communities didn't take the bait on that suggestion; instead reciting a list of some of the initiatives that she says the Infrastructure Bank is taking on.
For more notes on the work of the Skeena-Bulkley Valley MP at the House of Commons see our archive page here.