Increase primary crop production, water security and storage capacity by mitigating the impacts of climate change
The CIB signed a Memorandum of Understanding with the Government of Alberta, Municipal District (MD) of Acadia and Special Areas Board to examine the region’s potential for irrigable land.
Fast facts
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 CIB involvement
Agricultural sector growth can face obstacles in attracting long-term private capital to finance large projects due to the generally uncertain nature of revenues. We are using an innovative financing approach to invest in projects which face these challenges.
Learn more
- Province of Alberta - Opens in a new tab
- MD of Acadia - Opens in a new tab
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