Canada launches Leadership Search for the Canada Infrastructure Bank
Toronto - As part of the Government's Investing in Canada plan to invest over $180 billion in infrastructure, the Canada Infrastructure Bank is a new tool for provincial, territorial, and municipal partners to finance the infrastructure that Canadians need. "The Canada Infrastructure Bank will allow us to transform how we plan, fund and build the projects we need to improve the lives of Canadians and our competitiveness around the world. The Canada Infrastructure Bank will help create thousands of jobs, shorten commutes, make our economy more attractive for investment and ultimately strengthen our middle class," said Bill Morneau, Minister of Finance.
On May 8, 2017, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, announced that the Government of Canada has launched open, transparent and merit-based selection processes to identify the Bank's senior leadership with the goal of having the Canada Infrastructure Bank operational in late 2017, subject to Parliamentary approval. Through these processes, the Government will first select a Chairperson of the board, followed by the Board of Directors and Chief Executive Officer.
The selection processes are designed to attract highly qualified individuals, while taking into consideration the desire to achieve gender parity and to reflect Canada's linguistic, cultural, and regional diversity. Applications for each of these opportunities can be submitted through the Government of Canada's Governor in Council Appointments website.
The Government of Canada also announced that the Bank will be located in Toronto, which has established a global reputation for excellence as a centre for infrastructure financing. The Bank will be set up to be able to finance infrastructure in all parts of Canada.