THIS IS A SCAM and we should all be leery and protesting this.  
So the private interests will use our seed money, will use taxpayer guarantees if it goes belly up, but can still expect a 6% rate of return plus millions and millions in parasite lawyer fees.   

Morneau never comes out and explicitly says, well it is us the taxpayer that will pay the 6%+ interest rate on this, plus costs (that is the ROI).   The government can borrow for less than 2%, but so what, this will hide it from everyone's eyes and leave the far right with less to rail on about. 

How disingenuous is this, "According to the Finance Minister, pension funds would get a reliable long-term investment, governments would avoid adding on additional debt and the public would benefit from infrastructure projects that would not have been built otherwise."        Ahhhmm  we are the government and it DOES NOT save us from debt as instead of tax revenue, it now becomes private returns on investment thanks to us.