Infrastructure Bank directed to invest $1-billion in Indigenous projects – The Globe and Mail
The federal government has directed the Canada Infrastructure Bank to invest at least $1-billion in revenue-generating projects that benefit Indigenous peoples as part of a new statement of priorities for the Crown corporation.
In a Feb. 3 letter to Tamara Vrooman, the newly appointed chairperson of the bank, Infrastructure Minister Catherine McKenna said there is an urgent need to address the infrastructure deficit in Indigenous communities and support the government’s commitment to advance reconciliation with those communities.
“As the CIB identifies investment opportunities in the public interest, I understand that will include infrastructure projects made in partnership with, and that benefit, Indigenous Peoples,” Ms. McKenna wrote. “The CIB should establish a new investment target of $1-billion for Indigenous Infrastructure projects across the five priority areas.”
