With the Canadian federal election just days away, it’s amazing that there’s been no media focus on the Liberals’ plan to privatize our municipal water and wastewater systems. As far as I can determine, only one alternative media site, Press Progress, has mentioned this worrisome plan, which was announced by the Canada Infrastructure Bank (CIB) on July 15, 2019 when it agreed to provide $20 million in “innovative financing” for a public-private partnership (P3) in Mapleton, Ontario.
The Township of Mapleton is seeking a private consortium to design, build, finance, operate and maintain the municipality’s new and existing water and wastewater infrastructure for twenty years. By committing $20 million to the project, the CIB claims it “will improve the cost of project financing and attract private capital expertise while ensuring appropriate risk transfer to the private sector.” The CIB considers this a “pilot project to demonstrate new models for structuring and financing smaller municipal water and wastewater infrastructure projects.” 
There’s a lot of confusing jargon and spin in those statements, but the Canadian Union of Public Employees (CUPE) has cut through it with this observation: “There’s nothing new about federal programs and institutions that try to make P3s more palatable, especially to smaller municipalities. In this case, the CIB will subsidize the borrowing costs for corporations bidding on the 20-year deal … The bank is offering to lend the private sector money at a lower rate than corporations could get on their own. Details about the loan terms are blacked-out in public documents about the deal.” 
While the Township of Mapleton will still retain ownership of the core assets, the consortium that wins the contract will obtain a secure stream of profits from operating and maintaining the system for the next twenty years. No doubt, rates to homeowners will have to rise, as the consortium will want a solid return on its investment.
So what is this “new model” for structuring and financing such projects? We taxpayers will subsidize the borrowing costs of the private sector so they can privatize the revenue stream from our water and wastewater systems. Moreover, according to CUPE, Mapleton Township will have to pay back the $20 million to the CIB. 
In other words,