Doig River First Nation to receive infrastructure loan for urban reserve development

By Ed Hitchins, Local Journalism Initiative Reporter, Energeticcity.ca FORT ST. JOHN, B.C. — A northeast B.C. First Nation received the green light for investment from financial backers on Wednesday. First Nations Bank of Canada (FNBC) announced Doig River First Nation (DRFN) as among the first approved loans from the new Indigenous Land Development Loan Program. DRFN Chief Trevor Makadahay described the announcement on February 26th as “game-changing.” The program is an initiative of FNBC and the Canada Infrastructure Bank (CIB). Five First Nation infrastructure projects are to receive funding totalling $140 million. DRFN would not disclose to Energeticcity.ca the financial terms of the loan or the amount allocated specifically to the Nation, but said the funding will be used to oversee the development of Naache Commons, a DRFN development on…

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