We lend to new infrastructure projects that are in partnership with, and for the benefit of, Indigenous communities to reduce their infrastructure gap and promote economic participation.
The ICII is a collaborative financing solution that offers low-cost and long-term loans to Indigenous infrastructure projects and combines public funding and/or private and institutional investment to get more infrastructure built.
Through the ICII, our investment team looks to provide affordable, long-term financing to Indigenous projects that provide a direct benefit to an Indigenous community or communities.
These projects must:
- Fall within at least one of the CIB’s priority sectors and be located in Canada;
- Provide a direct benefit to an Indigenous community by closing an infrastructure gap or through the meaningful economic participation and ownership of an Indigenous community;
- Generate revenue, but can also be supported by other community revenues;
- Include Indigenous community capital and/or other industry sponsor investment of at least 20% of project capital cost net of grants;
- Represent an investment of at least $5 million and up to $100 million, and not more than 80% of project cost net of grants; evidence that no other lender will provide financing at terms and conditions that make the project viable; and
- Be new or represent significant upgrades to existing infrastructure.
For more information on the ICII please refer to the adjoining documents or email us.