Prime Minister Justin Trudeau has announced that Jim Leech will be serving as Special Advisor on the Canada Infrastructure Bank.
“Mr. Leech brings with him immense knowledge and experience, and I am confident that he will help ensure a smooth and successful launch of the Canada Infrastructure Bank,” said Prime Minister Trudeau. “This is about making sure our public dollars go farther and are used smarter, as we make historic investments in infrastructure to create middle class jobs today and sustained economic growth for years to come.”
Mr. Leech will work in collaboration with the Privy Council Office, the Minister of Infrastructure and Communities, and the Minister of Finance to expedite the swift and successful creation of the Canada Infrastructure Bank. He will guide an implementation team, engage with stakeholders, provide strategic advice on the way forward, and help oversee an open and transparent process to recruit board members for the Canada Infrastructure Bank.
The Canada Infrastructure Bank will be responsible for investing at least $35 billion from the federal government into large infrastructure projects that contribute to economic growth through a broad range of financial instruments including loans and equity investments. Part of this amount – $15 billion – will come from the funding announced for infrastructure in the Fall Economic Statement.