March 19, 2021
Industry Association Commitments
Canadian Infrastructure Bank
The 2021 Statement of Priorities and Accountabilities: $1B investment target
Launch of the Indigenous Community Infrastructure Initiative (ICII), which will enable the building of new infrastructure projects in Indigenous communities. The CIB Initiative will generate more investments in projects that are vital to economic growth and environmental protection with Indigenous communities across Canada.
First Nations, Inuit, and Métis communities will have the opportunity to partner with the CIB to make innovative investments in projects to help address the infrastructure gap in Indigenous communities. The projects enabled by CIB investments have the potential to provide more low-carbon energy supply and enhanced energy security, reduce greenhouse gases, improve broadband connectivity, more clean and accessible water, as well as create jobs and local economic development. As part of the ICII, the CIB will tailor its innovative, low-interest and long-term financing to provide loans of at least $5 million for up to 80% of total project capital cost. Community-based revenue-generating projects can be from any of the CIB’s priority sectors: green infrastructure, clean power, broadband, public transit and trade and transportation.