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.

The CIB committed to a $655M loan and did $900k worth of due diligence before the previous owner of the project suspended and then sold it.{ai:summary}<p>The new owner of the power line project is exploring Canadian taxpayer funding through the Canada Infrastructure Bank. Previous owners received a loan that fell through, but the bank conducted $900,000 of due diligence. #economy</p>

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

Loading...