LIBERALS WOULD WOO PRIVATE PENSION FUNDS FOR INFRASTRUCTURE PROJECTS

Jun 08, 2015

By Michael Kramer

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More details have been released from the federal Liberals – about their plan to boost infrastructure investment.

They say their proposal would try to entice large private pension funds – to finance small-town projects.

Liberal MP Adam Vaughan says the party would bundle the infrastructure needs of several rural communities into packages big enough to attract the attention of huge pension funds – which typically keep an eye out for multibillion-dollar investment opportunities.

Vaughn says some of the country’s private pension funds invest more cash in infrastructure projects abroad – than they do here at home.

The latest news from the Liberals comes after the Conservative government accused the party of planning to use the Canada Pension Plan – to fund their infrastructure promises.

But Vaughan insists the Liberals would avoid encouraging CPP on any of its investments – because of concerns about conflict of interest.

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