Ontario’s new infrastructure bank, the Building Ontario Fund, will support the financing and building of critical infrastructure projects across the province to help build Ontario.
The agency’s mandate and objectives remain the same as an arms-length, board governed agency that will enable public-sector pension plans, other trusted institutional investors and Indigenous communities to further participate in large-scale infrastructure projects across the province.
Institutional investor participation will help the government deliver more infrastructure faster, while leveraging additional capital from investors, and helping to maintain a responsible fiscal plan for today and for future generations.
We will develop a detailed process to ensure there is appropriate qualification and selection of projects and partners in priority areas. We will only invest in projects that align with the public interest of Ontario.
Structuring proposals and negotiating agreements with investors in infrastructure projects
Receiving and assessing unsolicited ideas and proposals for infrastructure projects that come from qualified institutional investors, public sector entities, governments or Indigenous communities
Investing in infrastructure and appropriately allocating risks amongst the Building Ontario Fund and other investors.