Canada's Infrastructure Bank (CIB) is enabling the REM rail project to funnel federal funds to Quebec

Canada's Infrastructure Bank (CIB) is enabling the REM rail project to funnel federal funds to Quebec.

Math:
CDPQ is loaning $2.95B to REM
REM is paying CDPQ 8.5% interest for 15 years, equaling $2,254B in
interest.

The REM is able to pay 6.5% more to CDPQ (Quebec and Quebec pensioners) because the CIB is only charging 2%.
———————–

Here's details:
Trudeau's Canada Infrastructure Bank (CIB) is being used to funnel Western taxpayer money East-
to bolster profits of unions and investors chosen by government (cronies).

thestar.com/news/canada/2016/11/13/trudeau-aims-to-attract-billions-in-private-sector-capital-for-infrastructure-projects.html

Just 1 year into Trudeau's term, Trudeau's Infrastructure Bank has secured $35B ($2,100 from every tax payer) of federal funds to funnel towards projects of the government's choosing, "to address a gap in the market between government-funded infrastructure … and projects that are privately funded."
(cib-bic.ca/en/about-us/)

Translated, the CIB is a slush fund used by government to fund projects that Canadians wouldn't support, the beneficiaries can't fund, and private institutions see no profit in funding.

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Other urls found in this thread:

business.financialpost.com/opinion/what-has-trudeaus-infrastructure-bank-achieved-a-recycled-loan-and-millions-in-expenses).
retraitequebec.gouv.qc.ca/fr/publications/rrsp/rregop/Pages/rregop.aspx)
en.wikipedia.org/wiki/Réseau_express_m�
business.financialpost.com/news/fp-street/ex-manager-sentenced-to-39-months-prison-in-hospital-corruption-fraud)
twitter.com/NSFWRedditGif

In August 2018, the Canada Infrastructure Bank announced it
would be loaning $1.28 billion Réseau express métropolitain (REM), a rail system for Montreal at an unusually low interest rate — one per cent, rising to three per cent over the 15-year term. (business.financialpost.com/opinion/what-has-trudeaus-infrastructure-bank-achieved-a-recycled-loan-and-millions-in-expenses).

The total cost of this rail system is $6.3B. There are other investors, some private- and IB loans are given to projects of the government's choosing- no doubt teacher's unions and cronies are among the private investors.

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REM's investors are:
$2,950,000,000 - CDPQ
$1,280,000,000 - Government of Quebec
$1,280,000,000 - Government of Canada
$512,000,000 - Municipalities served by the rail
$295,000,000 - Quebec Hydro

The first investor, CDPQ, is a Quebec pension fund whose top investors are:

1. $78,500,000,000 Quebec Ministry of Finance
-The Quebec government investing in a company (CDPQ) that invests in infrastructure projects- surely not a stunt used to direct the investments of the pension fund.

2. $63,500,000,000 Government and Public Employees Retirement Plan (RREGOP)
-"The RREGOP covers regular and casual employees who work full time or part time in the health and social services, the education network and the Quebec public service."
(retraitequebec.gouv.qc.ca/fr/publications/rrsp/rregop/Pages/rregop.aspx)

3. $62,200,000,000 Quebec Pension Plan (QPP)
-Unlike the RREGOP, this fund's name doesn't imply it's for government workers outside Quebec.

While investor (1) is simply quasi-government control of the CDPQ pension fund ("Invest in X or we decrease our investment in you."), investors (2) and (3) are pension funds serving Quebecers. While fine by itself, consider the returns on the REM:
8.5% CDPQ, 70% equity
3.7% Government of Quebec, 30% equity
These high returns are made possible by the IB's 1% to 3% return, far below the market rate for money, and even further below the rate that the Quebec government and pension fund is achieving at the expense of IB funds secured from federal funds.

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And that's not all!
The REM's has 2 contractors, one for construction and one for operations: (en.wikipedia.org/wiki/Réseau_express_m�
%A9tropolitain)
(CDPQ, the project's largest funder, chose the contractors)

Construction:
Groupe NouvLR consortium, compsed of SNC-Lavalin Grands Projets, Dragados, Aecon, Pomerleau, EBC and AECOM

Operations:
Groupe des Partenaires pour la Mobilité des Montréalais, composed of Alstom and SNC-Lavalin O&M


SNC-Lavalin at it again…seems that SNC-Lavalin is progressing from:
-$22.5M in bribes to win a Montreal hospital (UHMC) contract (business.financialpost.com/news/fp-street/ex-manager-sentenced-to-39-months-prison-in-hospital-corruption-fraud)
AND
-$130M theft from Libyan companies
TO
-$6.3B contracts awarded by a pension fund (CDPQ) controlled-by and benefiting Quebecers, who receive 8.5% returns because the IB (federal money) settles for 1-3%.

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Why are canada threads always a bunch of acronyms? What the fuck is this all about and why should anyone care about leafs?

Bet you're also the type who complains about captchas.

Is this supposed to be a bad thing?

The problem is the Federal government sending money to Quebec under the guise of investment.

The ROI is not based on the market

Why is that bad?
Why would anyone want to be beholden to the market?

You just discovered how central banks actually make money. There's a spread between what they charge and the market which is used to enrich pet projects, Jews mostly.

Not hard. Caring about canadian acronyms is like taking the time to call mexicans by their hyphenated names. It's not spoonfeeding to expect some minor relevant information to be presented by OP.

Its more of that Canada is like the down syndrome version of America for kikes. Same shit happens in leaf land as in burgerland. Montreal and Toronto or the New York of Canada. If America does fail for whatever reason, the kikes will go to Canada next.
ALSO
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Quebec is Canada's Jews

I'm saying that it's not an investment

CDPQ is the only one I don't define before usage- it's a pension fund.

Not really believable coming from someone whining about money being transferred from the ostensible "conservative" Western provinces [read: israel supporting trash like all North American conservatives].
A pension fund isn't an investment?

Its just Montreal.

The government is not investing in order to maximize monetary ROI on loan

Quebec is a nation within a nation. Aka Jewlike

Montreal is literally kike central of Canada you fucking retard.

Yes, a superior nation. It would be terrific if it would rightly return to France, but everyone who isn't French in Quebec made sure to scuttle that at the ballot box. Interesting revisionist history, though.

Its debatable between Montreal and Toronto at this point.

MONTREAL is Canada's jews, thanks to the baste Anglo who brought so many of their own lovely kikes into that formerly 100% French city.
Also, daily reminder not a single jew was allowed to live in Canada during French Rule.

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Quebec is the nigger province of Canada

What a weird way to spell Ontario

No, that is Ontario.

Yes, the crown relies heavily on non-French to suppress French nationalism in Quebec.

Is there a fucking redpilled mother fucking hockey bro in this thread? what up user?

Reminder that the jewish owned queerbec media isn't actually telling you the truth. Francophones brought in the jews to try to use as a weapon against the evil hanglo boogeyman.

However, it IS getting niggered, thanks to the baste Anglo who pushes more and more niggers into the French province

French people run the Federal government to keep Canada intact… The French can no longer survive on their own

I knew it was you, faggot

Canada was jewed solely by the eternal-Anglo
We don't want your fucking niggers, take them all to Toronto.

How did the French import Jews?

They did not, but "queerbec"user is a liar of the worst kind so I'm curious about the explanation he will try to give to support his claim.

Who is you? I've never met a Canadian who doesn't call your commie shithole queerbec.

Yes you do. Quebec is the province with the highest approval of importing niggers, and of giving them accommodations.

The same way they imported niggers and pakis and flips? Giving them special exemption from the usual rules and giving them handouts.

I meant (((you)))

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Yeah right, this is the only fucking province in your shitty country that has explicitly banned Shariah law aswell, so you can stay in your cucked ROC or mutt america, Quebec still the best place to have as a nation on the whole continent.

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Not even close Shlomo. You're the 4th least white province.

Sure thing bitch, keep lying to yourself, how many other provinces banned Shariah Law by the way ?

Oh yeah I'll also remind your dumbshit head that you're speaking a rapebaby language that is english which is 33% french, you were conquered by normans and you're still being controlled by normans, you are literally a little bitch who can't handle reality showing you're wrong, have fun producing 8% of maple syrup while Québec does 72% of it, even the US produces more maple syrup than you fucks and you dare put that leaf on the flag, this flag is Québec's , even tho it sucks compared to the superior Lys.

Have fun with us living rent free in your head m8.

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You already showed it to be true retard. Only Ontario, BC and Alberta are worse off than you.
He says while tard raging about insane queerbec nonsense. The only time anyone thinks about you is when your obnoxious worthless ass comes to a white province and gets all huffy and indignant that nobody is treating you like royalty. You on the other hand, obsess over the evil hanglo every waking minute of your life.

Thats actually pretty funny, "You already showed it to be true retard" , what did I show to be true retard ? You ? I think so, you have nothing but emotional appeals and projection, first of all, we dont come to your shitty multicultural provinces, so thats a non sequitur right there, secondly I thought I was the one who had english as a second language here, fun fact while you have absolutely nothing to back your Québec hate, you just parrot what your father the great faggot has taught you, I wouldn't be surprise if you were a honeypot shill or a bitch that's easily being honey potted right now.

As usual we can see here that the anglo (thats how its spelled by the way, theres no h here). I don't obsess over anglos, I do pitty the ones like you although, you cannot even speak your own language properly and your bant is as weak as whatever you've ever done for whites around the world, Québec and Québécois have shown what it's like to keep your culture as a white ethnic majority and not bend over to any newcomer or old retarded groups like the anglo calling for multiculturalism, I am superior to you in every way while you have to think for 20 minutes to do a 5 sentences long post trying to push the typical shitty agenda your kind tries to propagate everywhere about Québec.

Whatever bitch. Keep on thinking your bullshit which you like to huff next to your computer in a flower pot, don't forget to pee in a bottle aswell while trying to think of what to answer to this, you can't afford that toilet time right now.

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His bants is weak, his gait is meek, he keeps thinking about Québec which makes him leak.

A proper boner for his haters, he can't respond to any banter in time to make him look better.

A soul nude of good, he thinks about his next mood which is a sour as the way he spews his noodles.

Whatever he parrots, he's doing it while waiting for a garrote, around his back is sure to be some harlot who will fuck his shit up.

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That queerbec is the 4th least white province. Let me guess, you are only pretending to be retarded?
I don't have a multicultural province. But yes, you do go to them. And you are the biggest source of tourists here in the maritimes too. And the acadians hate you just as much as everyone else does, yet somehow you think its just the evil hanglos and couldn't possibly have anything to do with you.
Just reality. Not that you brainwashed kike puppets would know what that is.
If only you could teach your mouths that.
Haha, you always make me laugh at least.
No, you just tard rage about them all the time, no matter what context, no matter who says anything. The obsessive envy is not healthy.

-1/10 you will have to try again, you are still weak banter and can only bulletpoint a few things without really answering any of them :^)

Basically you keep on responding while saying nothing since you came to this thread, you are effectively an idiot and from the maritimes to boot, effectively proving you are nothing but a britishman with a tuque and with no fish.

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Man this little bitch is proud of being straight out of the maritime out of all places, a place with fucking 1.8 million population divided between 3 flipping provinces, how pittiful is that, you have about as much white people per province as quebec city has of population by itself, theres probably more white people in montreal out of all fucking places than any two of your shitty provinces with shit industries that must be constantly supplied with food because they can't fucking grow or feed themselve with anything on their land.

The only entairtaining thing about Maritime posters is how pitiful their ego complex is, they cry about muh Québec and how they're not "multiculturalists" whereas all of fucking Canada except Québec is, even fucking Ontario has more provisions against Shariah law than you do and you have basically the shared population of Bahrain, there's at least 3 times and maybe even 4 times the amount of white people in the Maritimes as there are in Québec itself, it truly shows how pitiful you are for validation when you say that Québec is "muh colored province" when you can't even fucking muster enough people to make any meaningful industries or cultural heritage.

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French people love racemixing so much that the offspring make up a whole demographic in Canada. There's no reason to believe they wouldn't ship in freightloads of Haitian refugees for even more easy fucks, as the french have done so in the past.

Your politicians are clowns putting up a worse than purposefully bad fight on anti-islam shit, and I expect it all to fold in less than three years. That's because their efforts are on embezzlement and shady schemes like OP that you will defend them for.

The only thing Quebec has to be proud of is its welfare queen position among the provinces, which you have a whole political bloc's worth of interest in defending.

Bump for leaf fags

All western euros should be shot on sight tbh.
Average Frenchie is Arabic.

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