The fiscal watchdog of Parliament says the Canada Infrastructure Bank exceeds $ 20 billion than its investment goals for the coming years.
In a new report, the office of the Parliamentary Budget Officer says that the Infrastructure Bank is at a distance of $ 14.9 billion by 2027/28-below the target of $ 35 billion.
This amount is $ 1 billion less than PBO estimates before 2021.
The bank invests with private and public sector partners to help achieve green energy and other infrastructure projects in Canada.
The report stated that the Infrastructure Bank has already killed its target of investing $ 1 billion in indigenous leadership projects.
The Infrastructure Bank also has sector-specific investment targets for five priority sectors, but PBOs say the Crown Corporation is not on track to fulfill any of those goals.
