Question Period Note: CANADA INFRASTRUCTURE BANK INVESTMENTS IN INFRASTRUCTURE PROJECTS

What are projects and results of the CIB?

• The Canada Infrastructure Bank (CIB) is working on structuring complex, long-term projects to attract private and institutional investment to help meet public policy challenges.

• Beyond investments, the CIB also provides advice and engages in capacity building with government partners and shares information as part of its mandate.

• The CIB has made signature investments in public transit, green and clean power projects, and strategic port infrastructure, including the recently announced engagement in the Calgary-Banff Rail project.

The execution of CIB projects, and their financing structure and terms, are overseen by CIB’s Board of Directors.

Projects

• The CIB’s three announced investments include:

  ◦ A $1.28B investment in Réseau express métropolitain (REM) light rail in Montreal;

  ◦ An up to $2B investment in GO Expansion – On Corridor electric rail in Greater Toronto Area;

  ◦ An up to $300M investment in construction of a new container terminal in Port of Contrecoeur outside Montreal.

• The CIB had announced a fourth investment in the Municipality of Mapleton’s water and wastewater treatment facility, however, the municipality recently chose to cancel the RFP process in favour of financing the project on their own.

• CIB has announced Memorandums of Understanding and advisory engagements on six projects:

  ◦ VIA High Frequency Rail: A Joint Project Office between CIB and VIA Rail to facilitate and oversee the conduct of pre-procurement, planning, due diligence and de-risking activities for VIA High Frequency Rail project between Ontario and Quebec;

  ◦ Lulu Island District Energy: A Memorandum of Understanding formalizing collaboration between CIB and Lulu Island Energy Company to develop a new district energy project in Richmond, BC;

  ◦ Taltson Hydroelectric: Advisory services engagement with Government of Northwest Territories to assist in developing a new 60 MW clean energy hydroelectric facility and 270 km of transmission lines to reduce reliance on diesel, and facilitate a more flexible and balanced electricity load in the region;

  ◦ Pirate Harbour Wind Farm: A Memorandum of Understanding formalizing the collaboration between CIB and project proponents on the potential Pirate Harbour Wind Farm in Nova Scotia;

  ◦ Kivalliq Hydro-Fibre Link: Project between Manitoba and Nunavut. A Memorandum of Understanding with Kivalliq Hydro-Fibre Link project proponents to work on planning and development of the proposal going forward; and

  ◦ Calgary-Banff Passenger Rail: A Memorandum of Understanding with the Province of Alberta for a passenger railway between downtown Calgary and Banff. A potential connection to the Calgary airport is being explored as well but has not been formally studied at this stage.

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