"Sohi defended the government’s plan, saying federal money going to the bank is a fraction of the overall spending infrastructure plan. He also said that cities, provinces and territories will have the option of using the bank."

So instead of giving the provinces low interest loans backed by the Federal Government you will force them, sorry,  "give them the option" to borrow from this "Privately" funded infrastructure "bank" that will funnel profits to private investors and keep the debt off of the Federal Government's books.

20 years from now the amount of money spent on AG reports, lawyes and scandals associated with this stupidity will be legendary.