The parliamentary budget officer expects CIB will come up $20.1 billion short of its target to disburse $35 billion by 2027-28, falling even further behind its goal than previously anticipated.  (The Logic)

Talking point: Established in 2017, the infrastructure bank is meant to co-invest in projects that wouldn’t be financially feasible if the public or private sector were to go it alone. The bank has been behind on making those investments for years, and the latest PBO report suggests progress has slowed since the last time the office looked at the program in 2021. The estimates suggest the bank won’t meet its goals in any of its five priority sectors on time, but will likely hit its target for public transit projects two years behind schedule. There is one goal the bank has achieved: CIB has already met its $1-billion target for Indigenous projects and is expected to far exceed it with $3.1 billion in investment by 2027-28.