The Canada Infrastructure Bank recently announced its decision to headquarter its new bank in Toronto and is now in search for senior leadership, RT&S reported.
"We are excited to be taking this next step towards the creation of the bank," Canadian Minister of Infrastructure and Communities Amarjeet Sohi said, according to the source. "We will be looking for talented and experienced leaders from across the country to ensure that the Bank meets its mandate: build more infrastructure for Canadians that will create growth and equip our communities for a more sustainable and productive future."
RT&S said the bank is hoping to begin operating later this year.
According to CNW, the infrastructure bank is part of the government's broader investment initiatives to grow the middle class, create well-paying jobs and strengthen the economy.
"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," Minister of Finance Bill Morneau said, according to the source. "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."
CNW noted that the selection process for the board of directors, chairperson and CEO will be transparent and based on merit.