It sounds like this is just an alternate type of a P3, except instead of a private enterprise reaping the future payoffs of the project, it'll be the CPP. Provided the infrastructure projects CPP chooses to invest in are selected wisely and will actually deliver an ROI in the future, I have no problem with this at all. I actually think it's a really innovative way to finance new public infrastructure.
The only concern I have is if the CPP directors will be forced to invest in projects of dubious financial viability. How "arms-length" is CPP from the ruling government of the day? Does the PM have the power to force CPP to behave in a particular way, or is the fund entirely managed in a "hands off" fashion?
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