August 2016
Hyrdo One Sale Nets the Government $3.2 Billion for Infrastructure Projects

2016-08-30 6:10:17 PM


The government announced today that it has raised an additional $3.2 billion from the sale of Hydro One shares, which will be used to fund infrastructure. The newly raised money will be placed in the Ontario Trillium Trust, alongside a previously announced $1.35 billion. In total the government estimates that it will raise approximately $9 billion in gross proceeds and "other revenue benefits" from its sale of Hydro One shares. For more: News Release: Ontario Allocates $3.2 Billion for Infrastructure Projects  The Trillium Trust and Moving Ontario Forward  Michael Fenn, "Recycling Ontario's Assets: A New Framework for Managing Public Finances" 


 


Comments
Blog post currently doesn't have any comments.