Montréal-Trudeau International Airport REM Station
Aéroports de Montréal
“By responding to the request for loan financing, the Canada Infrastructure Bank and the Québec government – along with the Canadian government through its generous direct contribution – have demonstrated exceptional solidarity in this matter. We can now finally say that the REM will be coming to Montréal–Trudeau International Airport. Their financial contribution was essential for the construction of our station.”
– Mr. Philippe Rainville, President and Chief Executive Officer, Aéroports de Montréal
Station du REM à l’aéroport Montréal-Trudeau : la Chambre salue une annonce pleine de bon sens (available in French only)
“The two levels of government are taking a decisive step by confirming the completion of a key component of the most important mobility project in the city in nearly half a century. We congratulate the governments of Canada and Quebec for their exemplary pragmatism, as well as the Canada Infrastructure Bank for fully playing its role. Not having this station built was unthinkable. The Chamber and the Montreal business community have been demanding a fast rail link between the airport and downtown for more than fifteen years. Today’s announcement finally deals with the last element that was threatening the success of this major project.”
– Michel Leblanc, CEO of the Chamber of Commerce of Metropolitan Montreal
Un projet intermodal nécessaire pour renforcer la compétitivité du Québec et de sa métropole (available in French only)
“It was necessary to come to an agreement as quickly as possible to move forward with connecting the airport to the REM. This intermodal link to the airport will allow it to benefit from a collective mode of public transportation, like many international airports around the world. It is also a prerequisite for the REM becoming fully operational, according to CDPQ Infra’s ridership objectives.”
– Charles Milliard, CEO of the Fédération des chambres de commerce du Québec
Lake Erie Connector
Ministry of Mines, Northern Development and Indigenous Affairs
“The Lake Erie Connector demonstrates the advantages of public-private partnerships to develop critical infrastructure that delivers greater value to Ontarians. Connecting Ontario’s electricity grid to the PJM electricity market will bring significant, tangible benefits to our province. This new connection will create high-quality jobs, improve system flexibility, and allow Ontario to export more excess electricity to promote cost-savings for Ontario’s electricity consumers.”
– Greg Rickford, Minister of Energy, Northern Development and Mines, Minister of Indigenous Affairs
Mississaugas of the Credit First Nation
“We are encouraged by this recent announcement by the Canada Infrastructure Bank. Mississaugas of the Credit First Nation has an interest in projects within our historic treaty lands that have environmental benefits and that offer economic participation for our community.”
– Chief Stacey Laforme, Mississaugas of the Credit First Nation
Mississaugas of the Credit Business Corporation
“I am very pleased to see this announcement today by the Canada Infrastructure Bank/ Banque de l’infrastructure du Canada. We continue to seek out new areas of investment opportunity for projects occurring within the treaty lands of MCFN. The future is bright for all us! #indigenousbusiness #ontario #mcfn #infrastructure”
– Leonard Rickard, Chief Executive Officer at Mississaugas of the Credit Business Corporation
Southern Manitoba Fibre Project
Valley Fiber Limited
“I am honored to be working with such with an amazing team who shares our passion on bringing broadband to rural communities through dedicated active ethernet. Together, we are not only leveling the economic playing field but also bringing essential services to under-serviced Canadians in Manitoba.”
– Hank Wall, CEO, Valley Fiber Limited
DIF Capital Partners
“Rolling out fiber broadband to remote locations in Canada will improve many facets of people’s everyday life.” “DIF is excited to partner with the CIB and Valley Fiber on this transformational project. It will provide critical broadband access to many Canadians living in under-serviced regions and enable rural communities in Manitoba to participate in the digitalization of the global economy.”
– Marko Kremer, Head of Americas, DIF Capital Partners
Manitoba’s bilingual municipalities
“The AMBM fully applauds the Canada Infrastructure Bank’s (CIB) announcement to improve broadband Internet access in rural communities in southern Manitoba.
It also demonstrates how public-private partnerships are truly helping to build stronger, more resilient rural communities by creating jobs and opportunities for businesses and individuals.”
– Ivan Normandeau, President, AMBM
Canadian Communication Systems Alliance
Congratulations to CCSA member Valley Fiber (Wall Media) for partnering with the @cib_en to connect 49,000 homes in Manitoba to high-speed internet, while creating up to 450 jobs. Local providers will continue to be at the forefront of connecting Canadians. #cdnpoli
Indigenous Community Infrastructure Initiative (ICII)
British Columbia Construction Roundtable
“The CIB Initiative will generate more investments in projects that are vital to economic growth and environmental protection with Indigenous communities across Canada.”
– Jesse Unke, President, Board Chair, British Columbia Construction Roundtable
“The Pembina Institute is excited to see the announcement of the $1-billion Indigenous Community Infrastructure Initiative launched today by the Canada Infrastructure Bank (CIB). This initiative will help build a bridge between investors wanting to finance projects that have environmental, social and governance (ESG) benefits and Indigenous communities developing these projects.”
Assembly of First Nations
“The Canada Infrastructure Bank (CIB) Initiative is a major step toward closing the infrastructure gap in First Nations, while prioritizing green energy projects in the overall effort toward climate action. I support the efforts of the CIB to work directly with First Nations in meaningful and collaborative ways that will lead to much needed investments toward better infrastructure and sustainable economic growth.”
– Perry Bellegarde, National Chief, Assembly of First Nations
Métis National Council
“There are many areas where lack of infrastructure holds back the social and economic development of Métis communities. We believe the CIB’s Initiative is an important step towards closing the infrastructure gap in our communities, as the Government of Canada committed to work with the Métis Nation to close this gap by 2030.”
– David Chartrand, National Spokesperson and Vice-President, Métis National Council
Inuit Tapiriit Kanatamil
“Major long-term investments are essential to build the infrastructure Inuit need to thrive. Innovative programs like the ICII add to the financial tools we can use to begin to address the longstanding infrastructure gap between Inuit Nunangat and other parts of Canada.”
– Natan Obed, President, Inuit Tapiriit Kanatami
Sustainable Finance 2 (Roundtable Series Summary) – Public Policy Forum
To support the mobilization of capital, the Canada Infrastructure Bank (CIB) is crowding-in private participation in large, complex, high-quality infrastructure projects that are in the public interest. Unlike private and institutional investors, the CIB has a greater ability to take on some of that risk and provide patient capital, thus increasing the overall pool of investors for these projects. Through its recently announced Growth Plan, the CIB is putting sustainable finance practices into action in key sectors such as clean power, energy retrofits and zero-emission buses.
2021 Pre-Budget Submission – Toronto Finance International
The financial sector also commends the federal government’s other investments to date to provide much needed long-term support for public infrastructure, such as the Canada Infrastructure Bank’s $10 billion Growth Plan over the next three years.
Financing mechanisms that draw together both public and private capital are critical to funding extensive infrastructure projects that are aligned with Canada’s transition to a low-emissions, climate resilient and energy efficient economy.
Capital Mobilization Plan for Canadian Low-Carbon Economy – Institute for Sustainable Finance, Queen’s University
Blended finance in the form of public-private partnerships will help form the basis of new innovative partnerships and financing vehicles that harness the best of public and private financing worlds. The Canada Infrastructure Bank is one effective way to encourage and stimulate these public-private partnerships as its mandate includes using federal support to attract private sector investment into green infrastructure projects.
Oneida Energy Storage
ILF Consulting Engineers
“Canada has the potential to be at the forefront of the industrial-scale battery sector due to a signed deal between Oneida Energy Storage LP and @cib_en to invest in a 250-MW facility. #EnergyStorage can help Canada’s transition to a #Low-Carbon economy.”
– Michel L’Heureux, President and CEO
“One of the Canadian clean-tech companies MaRS works with is NRStor, a Canadian clean-tech company led by former Home Depot Canada president Annette Verschuren, who also chairs the MaRS board. Her company has just signed an MOU with the Six Nations of the Grand River and the Canada Infrastructure Bank to build an energy-storage facility that will be the largest of its kind in Canada. In fact, it’ll be one of the largest such facilities anywhere. For the Six Nations, it’s an inclusive energy project that will generate profits and benefits directly into an Indigenous community.”
– Yung Wu, CEO of MaRS Discovery District
“We are excited to work with industry-leading partners on the Oneida project to deliver grid efficiencies at scale resulting in meaningful savings for rate payers. We believe Oneida will be just the first of many exciting storage projects on our country’s horizon.”
– Annette Verschuren, CEO and Founder
Six Nations of the Grand River Development Corporation
“We are thrilled to partner with NRStor to develop energy storage as the means through which energy savings can be realized while providing reliable clean energy to our communities and businesses.”
– Matt Jamieson, President and CEO, Six Nations of the Grand River Development Corporation
Highway 697 Toll Bridge
“Only a user fees-financed bridge could replace the unreliable seasonal ferry at Tompkins Landing. This project will help spur economic growth and create jobs across Peace Country.”
– Dan Williams , Member of the Legislative Assembly for Peace River
Government of Alberta
“This visionary investment in agriculture is made possible thanks to the partnership between Alberta’s government, the CIB and irrigation districts. This expansion will see hundreds of kilometres of pipelines built, contribute about $436 million annually to Alberta’s GDP, and create over 8,000 jobs.”
– Devin Dreeshen, Minister of Agriculture and Forestry
St. Mary River Irrigation District
“The biggest thing with this ($815 million) announcement is it gives us water security for generation.”
– Gary Tokariuk, President of the Alberta Sugar Beet Growers Association and Director with the St. Mary River Irrigation District
Canada Infrastructure Bank’s $10 B Growth Plan
$10B for building #retrofits, clean cars & clean power: these are the right areas to support for a healthy/resilient future that leaves no one behind. To create jobs, be competitive + achieve net-zero emissions by 2050, we need to sustain this investment.
Canada Green Building Council
The @cib_en announcement today is a significant move that will radically transform Canada’s built environment for the better. We are encouraged and energized by this bold new direction from the @cib_en
Mechanical Contractors Association of Canada (MCAC)
“We are delighted to see that the government acknowledges retrofits are a key part of Canada’s low-carbon transition. Retrofitting is not just good for business, it will help to reduce the proportion of greenhouse gas emissions from the built environment, conserve water, and make places healthier and more comfortable to live and work in.”
– Ralph Suppa, President and General Manager of CIPH
Canadian Renewable Energy Association (CanREA)
“By facilitating new investments in wind and solar energy, the Canada Infrastructure Bank can support investment, job creation and economic recovery while also supporting Canada’s efforts to meet its 2030 and 2050 greenhouse gas emission reduction targets.”
– Robert Hornung, President and CEO of the Canadian Renewable Energy Association
“The clean power investments envisioned by the Canada Infrastructure Bank in areas like energy storage and new electricity transmission infrastructure can provide a foundation that enables enhanced and sustainable growth in wind energy and solar energy over time.”
– Jean-François Nolet, Vice-President, Policy, Government and Public Affairs of the Canadian Renewable Energy Association
David Suzuki Foundation
Funds and jobs to ramp up clean electricity transmission, retrofit buildings and accelerate EV bus roll out. A good step for a #greenrecovery #cdnpoli #ClimateSolutions
Patience, please: Ottawa’s infrastructure bank needs time to work
By Jim Leech, retired president and CEO of the Ontario Teachers’ Pension Plan
In its first 12 months, the CIB has announced involvement in five new projects – more than $3.25-billion committed – and has announced it has an additional 25 projects currently under consideration. Experience from the private sector would suggest that is pretty good in such a short time.
Contrecœur Port Terminal Project
Michel Leblanc, President and CEO of the Metropolitan Montreal Chamber of Commerce
We salute the commitment of the CIB, which supports the realization of a highly strategic project for Greater Montreal. This commitment demonstrates the importance of the expansion of the Port of Montreal to Contrecœur to ensure the economic growth of the city and of Canada as a whole. Considering the investments already announced for the VIA Rail EMR and High Frequency Train, we are very pleased to see that the CIB continues to support projects that are structuring for the metropolitan region.
Sylvie Vachon, CEO, Port of Montreal
This commitment by the @cib_en is a milestone for the advancement of our project #terminalContrecœur towards its realization. This collaboration confirms the national importance of our project.
Federation of Quebec Chambers of Commerce
Announcement this morning of the collaboration agreement between @cib_en and @PortMTL for a possible investment for the container terminal, represents a step further for the advancement of expansion projects to #Contrecœur
Logistics and Transportation Cluster of Metropolitan Montreal
Collaborative announcement this morning between @cib_en and PortMTL for the advancement of the project from the new terminal to #Contrecœur. Good news for the hub of Greater Montreal!
Lulu Island District Energy Project
City of Richmond
#RichmondBC is no stranger to #districtenergy utilities with 2 national & int’l award winning projects to date, reducing greenhouse gas (GHG) emissions by using geothermal & waste energy. A partnership with @cib_en would further our success to reduce GHGs 50% by 2030. #Rmd50x30
Canadian Council for Public-Private Partnerships
Great to see the @cib_en team explore a district energy opportunity in BritishColumbia. Along with Mapleton, this is the second green project @cib_en has looked at and specifically one that is relevant for the future #lowcarbon economy.
VIA Rail Project
Statement from Chamber of Commerce of Metropolitan Montreal
Michel Leblanc, President and CEO
The announcement that the Canada Infrastructure Bank is involved in the file is particularly promising because it will accelerate upstream planning and the eventual completion of the project.
Ontario Chamber of Commerce
We are pleased to see that @VIA_Rail’s proposed High Frequency Rail project is closer to being implemented, thanks to additional funding from the Government of Canada & @cib_en to explore this project. Read our transportation report.
Rail transportation – with its robust carrying capacity, solid safety record, & comparatively low environmental impact – plays a critical role in our economy. This project will benefit businesses & the everyday lives of Ontarians and across Canada.
Canadian Urban Transit Association
We are very excited to see @cib_en investing $71 million into @Via_Rail High Frequency Rail in the Quebec City-Toronto corridor. Better, more frequent rail services will help reduce road #congestion and GHG emissions in Canada.
Banking on Infrastructure – TD Economics
“CIB’s stated emphasis on revenue-generating projects and the prospect of innovation around asset ownership structures should serve to clearly differentiate it. Moreover, independence in how the CIB achieves its goals will both further distinguish the agency from its existing counterparts, and attract private capital. These characteristics should ensure that the CIB is truly additive to the Canadian infrastructure ecosystem.”
Canada’s Infrastructure Bank Done Right – C.D. Howe
“Congratulations on establishing the Canadian Infrastructure Bank which, based on evidence, will advise, design and negotiate revenue generating projects as well as using innovative tools to invest in and attract private support for projects of national and regional importance. Congratulations on your focus on “revenue generating projects”. […] The purpose of infrastructure investment is to facilitate future growth of income and jobs, not just create jobs today that will be gone tomorrow. Really productive infrastructure projects take time to plan, to build, and to integrate with other investments both public and private.”
Canada’s Infrastructure Revival: Let’s Get the Biggest Bang for Our Buck – Public Policy Forum
“Canada is experiencing an infrastructure revival like almost never before. It is on a scale approaching the construction of the 1950s and 1960s, when modern Canada—our universities and colleges, our hospitals, our highways—was built. […] Infrastructure, in particular, still suffers from a stigma as a cyclical investment, made when the economy needs a boost, as opposed to a long-term tool for productivity and competitiveness. Fast is good but good is better. […] The federal government has set up what promises to be a world-class infrastructure agency in the CIB. The CIB is focused primarily on leveraging $35-billion in seed capital to draw in private and institutional money to build revenue-generating infrastructure. The CIB also has been charged with leading a broader effort to gather infrastructure data and information nationwide to improve the evidence base for decision-making. To that end, as the CIB moves from start-up to build-out and steady-state operations, it will be well placed to participate in conversations about Canada’s infrastructure priorities and provide thought leadership on how best to get these done.”
For Canada’s Growth, a Second Phase of Infrastructure Investment is Key – David Dodge, Kevin Lynch and Tiff Macklem, Globe and Mail
“Strategic infrastructure that unlocks private sector investment and innovation and provides gateways to new markets is an essential part of the solution. […] Executing a strategic investment plan focused on enhancing long-term productivity growth will require institutional structures with the resources and credibility to attract first-class talent in infrastructure investment, a sufficient scale and runway to attract large outside pools of capital, and sufficient independence to provide transparent and rigorous investment advice to government.”