CIB helping Canada develop clean power projects across the country
Provincial calls for power, energy storage, wind, solar and transmission under development
Irrigation investment supporting Alberta farming sector
CIB and Alberta working on upgrades at North America’s largest irrigation district
CIB Trade and Transportation sector investments foster long-term economic growth
Airport and port expansions delivering on need to improve transportation and trade flows
A Jump Start: Providing Infrastructure for More Housing
The Canadian Urban Institute: Every new home requires $100K in infrastructure spending, says report
The Canadian Urban Institute released a research report, A Jump Start: Providing Infrastructure for More Housing, which proposes four new approaches to investing the billions of dollars needed to build supporting infrastructure – such as water lines, sewers, and storm drains – to advance millions of homes across the country. This report demonstrates there is a variety of new financing supports, such as leveraging private capital, that can help municipalities to build the infrastructure needed for housing ahead of population growth. The report, funded by the Canada Infrastructure Bank (CIB) found that the estimated cost of housing-enabling infrastructure across Canada averages over $100,000 per new home. Considering Canada’s housing targets, the report suggests there are likely hundreds of billions of dollars required to fund the housing-enabling infrastructure needed across the country. One hopeful example of innovative tools is CIB’s “Infrastructure for Housing Initiative,” which provides low-cost loans for critical infrastructure such as water, roads, or transit.
Community of CIB: Meet Shaun Stevenson President & CEO, The Prince Rupert Port Authority
I started working for the port shortly after university, excited by its potential to grow into something much bigger—and I never left.
As the third-largest port in Canada, we handle about 23.5 million tonnes of cargo each year. Working at the port, I get to see how we contribute to global trade, but I also see how our growth enables jobs for my neighbours down the street. In a community of just over 12,000 residents, it’s not hard to see our impact. The port provides 400 direct jobs, with half of those right here in Prince Rupert. 38% of our workforce is Indigenous and reflects the demographics of our community.
The CANXPORT logistics project has been in the works for a decade. Essentially, it utilizes empty containers moving westbound into Asia-Pacific markets, unlocking latent capacity in containers that are already in transit, and increasing efficiency in handling cargo. This balance of imports and exports is vital for serving industries across Canada, but measuring the economic returns for a project like this is difficult.
The CIB recognized the bigger picture and the significant impact this investment will have, allowing us to realize our potential. This project is expected to handle 6 million tonnes of cargo annually and will serve as a catalyst for growth, leading to incremental increases in Canadian trade.
In a small town like Prince Rupert, the ripple effects of our work extend far beyond our immediate community. The jobs we create, the economic opportunities we foster, and the global connections we build all contribute to economic growth across Canada. The port is not just a local asset; it’s a vital link in Canada’s trade network, and with the support of the CIB, we are poised to enhance this impact even further.
OUTCOMES AND KEY METRICS
PARTNERSHIPS
- 24 wind turbines to be built
- Creating 150 full-time jobs at peak of construction
- 13 Mi’kmaw First Nations to buy 10 per cent stake in the project
- Benjamins Mill Wind will generate 33.6 MW of clean, renewable power
- Will result in the creation of approximately 128 jobs during the construction phase
- Wind Farm owned by 13 Mi’kmaw First Nations and Natural Forces
- Facility to support training, education, health, social services, and community programming
- Centre will employ up to 300 local people by 2026
- Advancing private capital with RBC’s participation in the project
- Project to produce 15-megawatts of clean power for more than 2,000 homes
- 100 jobs expected at peak of construction with full-time jobs to support operations
- 38,000 fixed-tilt solar photovoltaic panels connected to British Columbia’s electricity grid
- 17 new wind turbines will produce 100 megawatts of zero-emission power to the local grid
- 100 workers at peak of construction and new, full time jobs during operations
- Reduces greenhouse gas emissions by over 200,000 tonnes annually
- 130 kilometres of new transmission lines to enable over 750 megawatts of electrical capacity
- Helps to relieve electrical congestion and enhances power resiliency
- Future proofs Alberta’s transmission infrastructure
- Provides building owners and operators with turnkey solutions to retrofit aging building infrastructure
- Reduction of approximately 44,000 tonnes of greenhouse gas emissions per year
- Increases the energy efficiency of buildings
- Estimated to support 500 jobs in the trades sector
- Provides building owners and operators with turnkey solutions to retrofit aging building infrastructure
- Reduction of approximately 44,000 tonnes of greenhouse gas emissions per year
- Increases the energy efficiency of buildings
- Estimated to support 500 jobs in the trades sector
- Thousands of tonnes of greenhouse gas emissions saved annually
- Cleaner and quieter student transit option
- Reduces students’ exposure to emissions from diesel buses
Do you have infrastructure projects that we can help to accelerate?
CONTACT US
Investment proposals: investments@cib-bic.caCorporate: contact@cib-bic.ca
Media: media@cib-bic.ca