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The CIDB proposed by the advisory council would lever up a federal contribution of $40-billion by attracting $160-billion in private capital from large institutional investors, such as pension funds.
Brookfield Asset Management Inc. (TSX:BAM.A) (NYSE:BAM), with $59 billion in infrastructure assets under management, will obviously be called on by the CIDB to help meet the $160 billion figure.
The project, connecting Tshatshu Village to key routes, has seen the involvement of 12 subcontractors, most holding Grade One or Two Construction Industry Development Board (CIDB) certifications.