Feds double loan pool for First Nations infrastructure buy-in

By Sonal Gupta, Local Journalism Initiative Reporter, Canada’s National Observer Canada is doubling down on Indigenous-led projects, increasing funding for a federal program that helps finance infrastructure projects like roads, water systems, and stakes in major resource projects. The federal government is boosting its support for the Canada Indigenous Loan Guarantee Corporation to $10 billion. The expansion means First Nations can now get increased funding for infrastructure, transportation and trade initiatives, in addition to energy and natural resource projects. The loan guarantee program is expected to help improve basic municipal services in First Nations communities, such as clean water, sewage treatment, roads, health facilities, and public schools — services other municipalities have had for decades. “First Nations have really gone without for so long that there’s going to be a…

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