Pierre Lavallee, new CEO of Canada Infrastructure Bank, is on the hunt for “transformative” projects for investment. The country’s quasi-public lender has zeroed in on about 10 contenders after fielding more than 55 proposals, he confirmed to ENR, declining to disclose their identities.
Formed in 2017 to leverage about $30 billion in government infrastructure funding to gain multiples of private funds in the next decade, the bank has made just one major investment—a $970-million secured loan to Montreal’s $4.7-billion light-rail system last summer. Major projects, such as access roads in Toronto to downtown subways, are among the ideas pitched to bank executives, say media reports.