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National Post
National Post
9 Apr 2024


NextImg:Infrastructure Bank CEO defends spending $900,000 on now cancelled project

OTTAWA – The head of the Canada Infrastructure Bank defended $900,000 spent on a now cancelled power line project, arguing the project will ultimately get built and the due diligence the bank did was entirely reasonable.

Ehren Cory, the bank’s CEO, testified Tuesday in front of MPs on the House of Commons Infrastructure committee about the Lake Erie Connector project, a proposed power line underneath Lake Erie and connecting Ontario to Pennsylvania and a broader U.S. electricity system.