The Globe and Mail reports in its Wednesday edition that Bruce McCuaig is leaving Metrolinx after more than six years as president and chief executive officer to serve as
executive adviser to the federal government's $35-billion Canada Infrastructure Bank. The Globe's Bill Curry writes that Mr. McCuaig's move is the second high-profile
federal appointment to the Infrastructure Bank, following the announcement last month that former Ontario Teachers' Pension Plan's Jim Leech will work as a senior adviser. The feds are planning to introduce legislation
before the summer recess that would establish the bank, and the Liberal government wants the institution in place before the end of the year.
Ottawa has set aside $15-billion in federal funds for the bank over the next 11 years, plus another $20-billion in capital through equity or debt. Metrolinx is responsible for the ambitious Regional Express Rail program to link GTA communities with high-frequency commuter rail. It is also managing
the construction of the Eglinton Crosstown Light Rail Transit plan in Toronto and launched Pearson International's UP Express rail
link. Bombardier is suing Metrolinx over the agency's cancellation of a $770-million contract.
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