Sir Adam Beck was a long time, committed Conservative. From conservative principles, he successfully advocated for the creation of the Hydro-Electric Power Commission of Ontario as a government owned institution - a public good A rebuttal of the liberal principles guiding private development and ownership in much of the U.S.

As for the decrease in federal share, most of that is related to sale of Air Canada and CN and similar types of assets under the wave of neo-liberalism. Other actions included divestitures to other levels of government.

The 2% figure federal you cite is in proportion to provincial and municipal ownership. Canada has three levels of government and public ownership. Surely you are aware, the federal investment bank will not only be dealing with federal assets, investments and redevelopment of provincial and municipal infrastructure will also be subject of this initiative if a federal contribution is required.