Ottawa, Ontario, October 29, 2020— The Government of Canada is investing in modern, efficient and sustainable public infrastructure that is vital to ensuring the health and safety of our communities, growing our economy, and creating good jobs. Through the Canada Infrastructure Bank (CIB), we are ensuring that provincial, territorial, municipal, Indigenous and private partners have access to innovative financing to get more projects built and bolster Canada’s economic recovery from the impact of the COVID-19 pandemic.
Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, confirmed the government’s acceptance of the CIB Board of Director’s recommendation to appoint Ehren Cory as the Chief Executive Officer (CEO). Mr. Cory will provide pivotal leadership and direction to the CIB as it implements its three-year $10-billion Growth Plan, which was announced by Prime Minister Justin Trudeau, Minister McKenna, and Board Chair Michael Sabia on October 1.
Mr. Cory was selected by the Board of Directors of the Canada Infrastructure Bank following a recruitment process undertaken by the CIB that attracted diverse and highly qualified applicants. The Board of Directors subsequently recommended Mr. Cory for the Government’s approval.
As the former President and CEO of Infrastructure Ontario, Mr. Cory brings extensive experience in working with the public and private sector on the financing, building and management of innovative and large-scale infrastructure projects.
As CEO, Mr. Cory will lead the CIB as it delivers its $10-billion Growth Plan that will help Canadians get back to work. The three-year plan is expected to create approximately 60,000 jobs across the country, connect more households and small businesses to high-speed Internet, strengthen Canadian agriculture, encourage the transition to clean power and help build a low-carbon economy.