[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.
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.