Financial Close Achieved on Manitoba Fibre Project

Financial Close Achieved on Manitoba Fibre Project

August 6, 2021

Disponible en français

The Canada Infrastructure Bank (CIB), Valley Fiber Ltd. (Valley Fiber) and DIF Capital Partners (DIF) have formalized their agreement to invest in the Manitoba Fibre project.

Under the terms of the agreement, the CIB will invest CAD 164 million in the approximately CAD 328 million project. Valley Fiber will be responsible for all aspects of construction, installation, operations and maintenance of the new broadband service.

Manitoba municipalities to receive broadband service

Cartwright-Roblin
Louise
Pembina
Stanley
Argyle
Prairie Lakes
Thompson
Roland
Rhineland
Montcalm
Emerson-Franklin
La Broquerie
Hanover
De Salaberry
Dufferin
Victoria
Macdonald
Morris

Ritchot
St. Andrews
Gimli
Dunnottar
Winnipeg Beach
Portage la Prairie
Stuartburn
Cartier
St. Francois-Xavier
Rosser
West St. Paul
East St. Paul
Springfield
Tache
Ste. Anne
Headingley
Woodlands
Rockwood

St. Clements
Brokenhead
Alexander
Victoria Beach
Grahamdale
West Interlake
Coldwell
St. Laurent
Armstrong
Fisher
Bifrost-Riverton
Lac du Bonnet
Whitemouth
Reynolds
Pinawa
Piney
Powerview-Pine Falls

Quick Facts:

  • The project involves construction of 2,657 kilometres of mainline fibreoptic cabling, targeting 48,500 underserved households with dedicated fibre-to-the-home.
  • The broadband service will offer speeds up to 1 gigabit per second, enhancing telecommunications services for residents, businesses and public service delivery.
  • During the construction phase, up to 400 jobs will be created with an additional 50 permanent jobs within Valley Fiber.
  • More information on Valley Fiber’s service can be found at www.connectmanitoba.com
  • The CIB is mandated to invest CAD 35 billion and attract private sector investment into new revenue-generating infrastructure projects that are in the public interest and support Canadian economic growth.

Learn More: 

Media Contacts:

Terence Foran
Canada Infrastructure Bank
tforan@cib-bic.ca 
416-356-6912

Allard Ruijs
DIF Capital Partners
a.ruijs@dif.eu

Conley Kehler
Valley Fiber Ltd.
conley@valleyfiber.ca
204-324-4102