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National Post
National Post
11 Apr 2024


NextImg:New owner of Lake Erie power line project in talks to work with Infrastructure Bank again

OTTAWA – The new owner of a controversial power line project said his company is in talks about getting Canadian taxpayers to take a stake in it through the Canada Infrastructure Bank.

The Canada Infrastructure Bank (CIB) committed to a $655-million loan to the previous owners of the Lake Erie Connector. The loan never went through, because the previous owner of the project suspended and then sold it, but the bank did $900,000 worth of due diligence before that happened.