SASKATOON – The Canada Infrastructure Bank (CIB) and the First Nations Bank of Canada (FNBC) have announced a $100 million loan participation agreement to enable infrastructure in First Nations, Métis and Inuit communities.
Enabling infrastructure can include site work, roadwork, water and wastewater management and utility connections, and is needed to support economic and community growth through residential, commercial or industrial developments, a CIB release said.
“This new loan program will make infrastructure projects in Indigenous Nations and communities more affordable and allow for more opportunities to develop Indigenous-owned lands. By partnering with CIB, we can leverage our expertise in working with Indigenous communities and support new projects in a way we have not seen before,” FNBC president and CEO Bill Lomax said in a statement.
Indigenous communities’…
