Will Canadian Transport Assets Be Sold to Capitalize Infrastructure? Not Yet.
The federal Government in Canada has budget challenges and that is, in part driving considerations to privatize its main seaports and airports. This is an extremely important issue that has deep financial, political, and underlying competitiveness consequences and a go-slow strategy is surely quite prudent. With Canada having some of the most efficient and professionally managed transport assets in the world, this isn't generally a matter of selling-off poorly performing assets or assets that have severely poor infrastructure. Certainly there will be a perspective of the potential for private players offering access to global financial markets and some will refer to the advantages of global asset management platforms. But critically, many of Canada's seaports and airports are well-managed and with high-quality infrastructure in-place.