Ottawa set to launch $1B initiative for Indigenous community projects – CBC

Mar 19, 2021

Money will fund projects for clean water, broadband, public transit, clean energy, trade and transportation

The Canada Infrastructure Bank (CIB) is expected to launch a $1 billion infrastructure initiative on Friday to spur investment in First Nation, Inuit and Metis communities, CBC News has learned.

Ehren Cory, CEO of the Crown corporation, and Infrastructure Minister Catherine McKenna will make an announcement later this morning during the online First Nations Major Projects Coalition Indigenous Sustainable Investment Conference.

The move comes one month after McKenna set a new target for CIB to invest at least $1 billion for revenue-generating projects that benefit Indigenous peoples.