Infrastructure Bank to provide loans for Indigenous equity investment in major projects

By Shari Narine  Local Journalism Initiative Reporter Indigenous communities across Canada now have another avenue for achieving equity investment in infrastructure projects that will result in financial and social benefits for their members. Last week, the Canada Infrastructure Bank (CIB) announced it would be providing equity loans ranging from $5 million to $100 million that would cover up to 90 per cent of a community’s equity in a project. “It’s a busy week?with lots of in-person meetings?(because) lots of communities (are) seeking ways to move forward with access to capital,” said Hillary Thatcher, managing director of investments with CIB. Many of the chiefs who are in Ottawa this week for the Assembly of First Nations election of a new national chief have plans to meet with Thatcher. “We’ve had a…

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