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ARTICLE · 09 JULY 2026

What Is Bankability?

Gowling WLG
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Infrastructure projects increasingly rely on collaborative delivery models that challenge traditional risk allocation frameworks. As capital markets evolve and financing sources diversify, the tension between collaborative approaches and conventional bankability requirements creates new structural challenges that demand innovative solutions from owners, contractors, lenders, and equity providers.

CanadaFinance and Banking
Yannick Beaudoin
Yannick Beaudoin
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Financing projects delivered through collaborative delivery models reconciling collaboration with bankability

Bankability is a central concept in infrastructure finance and asks whether lenders and investors will accept a project's risk profile. However, bankability is not a static concept, it fluctuates based on lenders/investors appetite, debt and capital market conditions, counterparty creditworthiness, and the broader macroeconomic and regulatory environment. What is considered bankable in one market cycle or jurisdiction may not be in another. The rising complexity and scale of projects sharpen this test.

Technology, revenue, contractor capability, and sponsor strength drive the bankability outcome. When those elements are credible, more financing options open, which matters when government borrowing and corporate balance sheets are constrained in the current uncertain global environment.

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