Canada Pension CEO Keeping “Close Eye” on Trump Infrastructure Plan

The Canada Pension Plan Investment Board is one of the world’s largest infrastructure investors, and CEO Mark Machin told Reuters his fund is paying close attention to U.S. President Donald Trump’s as-yet-unreleased infrastructure plan.

Though details are scarce, Trump has said he plans to roll out a $1 trillion U.S. infrastructure program. If and when he does, the CPPIB could be a prime candidate to invest.

From Reuters:

The Canada Pension Plan Investment Board, one of the world’s biggest infrastructure investors, is awaiting details of U.S. President Donald Trump’s planned $1 trillion infrastructure program, its CEO said.

The CPPIB, which invests on behalf of 19 million Canadians, has said it sees potential opportunities emerging from policies pursued by the new U.S. administration, particularly in infrastructure.

Chief Executive Mark Machin said on Friday the fund was monitoring developments but it was too early to say what opportunities may materialize while the new administration works through its priorities.

“They’re going to get to infrastructure, I think it’s going to take a little more time but we’re hopeful and we’re long-term (investors). We’ll keep a close eye on that,” Machin said in an interview after the fund reported third-quarter results.

 

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