The CIB is already active in projects that include Indigenous partners, including Oneida Energy Storage and Kivalliq Hydro-Fibre Link. This is just a start to our work with Indigenous communities to improve infrastructure.
The CIB has a target to invest $1B in Indigenous infrastructure projects across its five priority sectors, as outlined in its Statement of Priorities and Accountabilities.
There is a significant infrastructure gap facing Indigenous communities across Canada, and the CIB is working with First Nation, Métis and Inuit communities to explore opportunities for collaboration on projects.
Our emphasis will be on collaborating to facilitate and promote new infrastructure in partnership with Indigenous communities. The CIB is an additional tool for Indigenous communities to combine public funding with private and institutional investment for their infrastructure priorities.
Many Indigenous communities have expressed an interest in working with the CIB to further advance infrastructure projects on their traditional territories and in their communities. This collaboration is a significant opportunity, and the CIB has expanded its Advisory and Investment team to include the necessary expertise to advance reconciliation with First Nation, Métis and Inuit partners while investing in much needed infrastructure projects that are aligned with the CIB’s purpose and functions.
Indigenous Community Infrastructure Initiative
The Indigenous Community Infrastructure Initiative (ICII) aims to be a part of addressing the infrastructure gap in Indigenous communities, contributing to the CIB’s mandate to target at least $1.0 billion investment for Indigenous infrastructure.
The ICII can provide low-cost and long-term debt to Indigenous community-based projects across the CIB’s five priority areas: Clean Power, Green Infrastructure, Public Transit, Broadband, and Trade & Transportation.
Contact us for any questions about Indigenous infrastructure investments at the CIB.
Through the ICII, the CIB is looking to invest in community-based projects that provide a service and a direct benefit to an Indigenous community or communities to help to close the infrastructure gap. These projects also must:
- 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%;
- Represent a CIB investment of at least $5 million and not more than 80% of total project cost;
- Have a robust construction and operations risk mitigation strategy;
- Be new or represent significant upgrades to existing infrastructure; and
- Fall within at least one of the Eligible Project Categories below.
For more information on the initiative please follow the links below to download the following documents:
To inquire about eligibility or obtain additional information please email email@example.com.
Learn about our Advisory function.