OTTAWA — The head of the Canada Infrastructure Bank says the Lake Erie Connector is still viable, even though the project was suspended two years ago.
“It is a necessary part of the transmission grid in North America,” Ehren Cory, chief executive officer of the federal Crown corporation, said of the cross-border project. “We still think it’ll get built.”
At a House committee studying the boondoggle, Cory defended the bank’s decision to invest up to C$655 million in the C$1.7 billion project.
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Canada and the Ontario government have promoted the cross-border transmission line as a way to move electricity generated by low-carbon nuclear power stateside. Critics of the project are skeptical of its green credentials.
