IRC receives $100M federal loan for new gas plant – Cabin Radio
February 20, 2025
The Canada Infrastructure Bank is backing a compressed natural gas project being developed by the Inuvialuit Regional Corporation with a loan worth $100 million.
The loan was announced on Thursday morning. It covers just over a third of the project’s expected $293-million budget.
The Canada Infrastructure Bank, a Crown corporation also known as the CIB, exists to help major projects like this find financial backing.
