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ARTICLE · 13 APRIL 2021

Indigenous Community Infrastructure Initiative To Help Address Infrastructure Gap

Borden Ladner Gervais LLP
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Toronto (April 9, 2021) – A new initiative by the Canada Infrastructure Bank (CIB) will help address the infrastructure gap in Indigenous communities across the country.

CanadaGovernment, Public Sector
Tamara Costa
Tamara Costa
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Toronto (April 9, 2021) – A new initiative by the Canada Infrastructure Bank (CIB) will help address the infrastructure gap in Indigenous communities across the country.

The Indigenous Community Infrastructure Initiative (ICII) provides First Nations, Inuit and Métis communities the opportunity to partner with the CIB to make innovative investments in infrastructure projects, which have the potential to improve broadband connectivity, provide more clean and accessible water, and reduce greenhouse gases in Indigenous communities across Canada.

CIB aims to invest at least $1 billion into Indigenous infrastructure projects, providing low-cost, long-term loans of at least $5 million for up to 80 per cent of the project's total capital cost. BLG acted as legal advisor to CIB with respect to the formation of the innovative ICII funding facility.

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