New participation agreement with Canada Infrastructure Bank to enable new infrastructure for Indigenous Communities.
Supports community services and economic development priorities for Indigenous communities
Peace Hills Trust Company will manage and facilitate financing agreements with clients.
The Canada Infrastructure Bank (CIB) and Peace Hills Trust Company (PHT) have finalized a $50 million loan participation agreement to expand access to enabling infrastructure financing for Indigenous community development projects across the country.
Through this partnership, Indigenous communities that PHT serves will have access to affordable and flexible project financing. The loans will support enabling infrastructure for community services and plans that enhance sustainable economic development opportunities for their communities.
Enabling infrastructure can include site works, roadworks, water and wastewater management and utility connections – the foundational requirements needed to advance housing projects and economic or industrial developments.
PHT will be lending alongside the CIB’s capital and will match project loans. Together, this coordinated financing package will make it easier for Indigenous communities to advance development plans, faster.
The CIB has committed more than $1 billion towards more than 30 projects in partnership with Indigenous organizations and communities which help close the infrastructure gap and support economic participation.
Through the Indigenous Community Infrastructure Initiative (ICII), the CIB collaborates with First Nation, Métis and Inuit communities across Canada on infrastructure projects in partnership with, and for the benefit of Indigenous communities across Canada.
Peace Hills Trust is looking forward to working with our partners at CIB in helping to facilitate moving projects forward with one of the key ingredients to success, enabling infrastructure. The natural synergy reflected in this new partnership should certainly help in closing the infrastructure gap. Peace Hills Trust continues to provide relationship based financial solutions to the many First Nation Communities across Canada we are so proud to serve.
David S.J. Boisvert, Peace Hills Trust, President and CEO
Our partnership with Peace Hills Trust Company reflects our commitment to supporting Indigenous communities and their infrastructure priorities. By extending our capital to PHT, their experience, paired with our affordable loan, ensures clients have easier access to capital needed to advance projects that deliver long-term benefits to local communities.
Ehren Cory - Canada Infrastructure Bank, CEO
Chris Lockerby - Senior Director, Commercial Lending
Snyatan Shopping Centre
Unit 300
3604 Carrington Road
Westbank BC V4T 3K7
250 769-9081, ext# 4224
chris.lockerby@peacehills.com
1201, 11501 Buffalo Run Blvd., Tsuut'ina AB T3T 0E4
Kabir Puri - Director, Commercial Lending
1134 Taylor Ave., Unit 1, Winnipeg MB R3M 3Z4
204 399-5576
kabir.puri@peacehills.com
Sonia Waring - Commercial Account Manger
(778) 584-1545
sonia.waring@peacehills.com
Rae Lynn Carrier -Director, Commercial Lending
100, 131 Aspen Place, Saskatoon SK S7N 1K4
306 955-8600, ext# 6200
raelynn.carrier@peacehills.com
Kerry O'Dwyer - Assistant Vice-President, Commercial Lending
705 305-7644
kerry.odwyer@peacehills.com
Bernie Conroy - Director, Commercial Lending
Peace Hills Trust Tower
Main Flr, 10011 - 109 Steet, Edmonton AB T5J 3S8
780 421-1229, ext# 2245
bernie.conroy@peacehills.com
James Borisko - Director, Commercial Lending
298 Broadway Street West, Fort Qu'Appelle SK S0G 1S0
306 332-2230, ext# 1231
james.borisko@peacehills.com
Randy Crealock - Commercial Account Manager, Commercial Lending
150 Cliffe Street, Fredericton NB E3A 0A1
506 455-3430, ext# 5223
randy.crealock@peacehills.com
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