Project Name: MD of Acadia and Special Areas Irrigation
Partners: Government of Alberta, Municipal District of Acadia and Special Areas Board
Location: Southeastern Alberta
Sector: Trade and Transportation
Participation: Project Acceleration
Description: The CIB signed a Memorandum of Understanding with the Government of Alberta, Municipal District of Acadia and Special Areas Board to examine the region’s potential for irrigable land.
A joint feasibility assessment will determine whether there is an opportunity for investment in large scale, greenfield irrigation infrastructure. Some key indicators under review include: potential project scale, environmental, social and economic impacts as well as capital costs, delivery infrastructure and water availability.
New irrigation infrastructure can increase primary crop production, water security and storage capacity while helping to mitigate the impacts of climate change.
Benefits of the CIB Involvement
Agriculture sector growth can face obstacles in attracting long-term private capital to finance large projects due to the generally uncertain nature of revenues. The CIB is using an innovative financing approach to invest in projects which face these challenges.
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