Author Topic: Infrastructure Bank  (Read 29 times)

Offline dia

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Infrastructure Bank
« on: May 20, 2017, 10:14:51 am »
As part of the budget, the government has also included a motion to set up an 'Infrastructure Bank'.   I haven't heard of this before and details are a bit scarce in the linked article, but it seems to be a place to park money earmarked for building or maintaining infrastructure and that it would result in the private sector also taking on risk for infrastructure development.   The senate is deciding whether to split the bill to study this part of it separately. 

I think infrastructure is important and that money does need to be devoted to it.   Perhaps the bank is a good idea, but I don't think it should be included as part of other bills and that it should be split from the budget bill.

But I'm curious about what members here think about the bank itself - is it a good idea?  Or can money for infrastructure be just as effectively taken from general revenue as a budget item?

Discussion is impossible with someone who claims not to seek the truth, but already to possess it.

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Offline BC_cheque

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Re: Infrastructure Bank
« Reply #1 on: May 23, 2017, 03:59:19 pm »
It sounds like a reasonable idea but the cynic in me thinks it'll lead to corruption and kickbacks. 

Offline JMT

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Re: Infrastructure Bank
« Reply #2 on: May 23, 2017, 06:31:36 pm »
It all depends on the safeguards we put in place.  I think we can make it work.