Home Forums General Forum CIB – Canada Infrastructure Bank – has anyone used this offering?

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    • Rich McEvoy
      Keymaster
      Post count: 51

      [posted on behalf of Peter Gilbert, Chief Infrastructure Officer at Fanshawe College]

      The Canada Infrastructure Bank (CIB) and CICan have presented their investment opportunities to our Finance team in the past. To date our Finance team has preferred to self-finance all projects, and that limits our ability to do more than what our current capital permits.

      Ha anyone investigated and/or signed up for the CIB offerings?

      The attached information suggests an improved process and additional options that may make the investment more attractive.

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    • Rich McEvoy
      Keymaster
      Post count: 51

      Perhaps a topic for a future OCFMA presentation or PD Activity?

    • Spencerwood
      Participant
      Post count: 12

      Yes, we have had 4 meetings with them this year to discuss funding for our large district energy project. We eventually didn’t pursue it – they have made it way too complicated. In my opinion you need a project on the scale of UotT’s decarbonization project at $100M for this to make sense – too much paperwork, fees, and legal structure and risk transference otherwise.

      Now I heard this week they have a new aggregator program for smaller projects, so maybe they took our feedback. There is an info session coming on that via CiCAn.

      Spencer

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