The Canada Infrastructure Bank

What The Canada Infrastructure Bank does

The Canada Infrastructure Bank (CIB) is a federal Crown corporation established in 2017 under the Canada Infrastructure Bank Act and headquartered in Toronto, with regional offices in Calgary and Montreal. It operates as an impact investor and blended-financing platform that invests in revenue-generating infrastructure projects across four priority sectors — Clean Energy ($20B commitment), Trade and Transportation ($15B), Enabling Housing Supply ($10B), and Digital Infrastructure and AI ($5B) — plus a $3B Indigenous Infrastructure program. As of year-end 2025-26, CIB has reached financial close on 112 projects with $18.6B in investment value catalyzing $54.8B in total capital cost, 90 projects under construction, and 320,727 jobs created during construction.

CIB provides flexible investment instruments including senior and subordinated debt, equity, equity loans, derivatives, and loan participations, structured through a multi-stage investment process (intake, appraisal, structuring, negotiation, closing, and monitoring). It also offers free Advisory services to public-sector sponsors and a $500M Project Acceleration fund for early works and FEED capital. The organization does not charge for advisory services and provides low-cost, long-term capital to address an estimated $150B+ Canadian infrastructure gap. Strategic partners include other Crown agencies (Export Development Canada, Canada Growth Fund, Investissement Québec), provincial utilities (BC Hydro, SaskPower, Nova Scotia Power, Montreal Port Authority), private developers (Generation Mining, Nouveau Monde Graphite, Slate Asset Management), and Indigenous organizations across all provinces and territories.

Revenue is generated through loan repayments with interest, which CIB uses to cover operating costs and recycle capital into new projects. The organization is governed by an independent Board of Directors chaired by Macky Tall and led by CEO Ehren Cory, with leadership drawn from senior infrastructure finance backgrounds at Carlyle, CDPQ Infra, Brookfield, Macquarie, PwC, and Aecon. CIB is accountable to Parliament through the Minister of Housing, Infrastructure and Communities.

Name

The Canada Infrastructure Bank

Legal name

Canada Infrastructure Bank

Website

https://cib-bic.ca

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

The Canada Infrastructure Bank is a federal Crown corporation established in 2017 that invests in Canadian revenue-generating infrastructure projects across clean energy, trade and transportation, housing-enabling, and digital/AI sectors, using blended financing to crowd in private capital alongside public sponsors and Indigenous partners.

Ownership category

akta.pro rank

Product category

Infrastructure Investment Financing

NAICS

Public Finance Activities (92113)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Infrastructure & Project Finance Development Banks (FSABAKAD)

akta.pro secondary industries

Infrastructure & Project Finance Private Debt (FSANADAH), National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), Real Assets — Utilities & Regulated Infrastructure (Water, Wastewater, District Energy) (FSAHAIAG)

Keywords

• Infrastructure investment financing
• Clean energy financing
• Public-private partnerships
• Trade transportation infrastructure
• Indigenous infrastructure equity

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Repayments with Interest: CIB provides repayable investments in impactful infrastructure projects. Unlike grants, CIB loans are repaid with interest, allowing reinvestment in other public priorities. The organization covers its operating costs through these repayments, minimizing the impact on taxpayers.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Canada Infrastructure Bank provides repayable investments in revenue-generating infrastructure projects across Canada, offering flexible instruments such as loans, equity, equity loans, and derivatives alongside advisory and project acceleration services. Projects are underwritten across four priority sectors — Clean Energy, Trade and Transportation, Enabling Housing Supply, and Digital Infrastructure and AI — plus a dedicated Indigenous Infrastructure program, attracting and leveraging private sector and institutional capital into public-purpose projects repaid with interest to minimize taxpayer burden.

Product overview

The Canada Infrastructure Bank (CIB) is a federal Crown corporation that acts as an impact investor developing infrastructure for Canadians through blended financing partnerships. The CIB operates as a platform-plus-initiatives model, offering core infrastructure financing products across four priority sectors: Clean Energy ($20B commitment), Trade and Transportation ($15B), Enabling Housing Supply ($10B), and Digital Infrastructure and AI ($5B), plus a dedicated Indigenous Infrastructure program ($3B). Beyond direct project investments (such as the Contrecœur Port Terminal, Oneida Energy Storage, and Wasoqonatl Transmission Line), the CIB delivers targeted financing initiatives including the Indigenous Equity Initiative, Infrastructure for Housing Initiative, Charging and Hydrogen Refuelling Infrastructure Initiative, Building Retrofits Initiative, and Critical Minerals Investments. The organization also provides advisory services and project acceleration funding to help move infrastructure projects from concept to completion.

Differentiator

Problem solved

Functional benefit

Products and services

• Clean Energy Infrastructure Financing Financing for energy generation, transmission, distribution and storage, district energy, carbon capture, utilization and sequestration, decarbonizing large emitters, and EV charging and hydrogen refuelling infrastructure, with $20B in CIB commitments directed toward clean energy projects across Canada.
• Trade and Transportation Infrastructure Financing Financing for ports, airports, railways, and highways, trade corridors, critical minerals, and agriculture and food infrastructure, with $15B in CIB commitments directed toward trade and transportation projects.
• Enabling Housing Supply Infrastructure Financing Financing for housing-enabling infrastructure and transit (including water and wastewater infrastructure) to unlock conditions needed for housing projects to move forward.
• Digital Infrastructure and AI Financing Financing for AI data centres, rural broadband, and high-speed connectivity, with $5B in CIB commitments directed toward digital infrastructure projects across Canada.
• Indigenous Infrastructure Financing Targeted investments across all priority sectors for projects in partnership with Indigenous communities, with $3B committed toward Indigenous Infrastructure and a focus on economic reconciliation.
• Indigenous Community Infrastructure Initiative (ICII) A financing initiative supporting targeted areas of infrastructure to close the infrastructure gap in Indigenous communities, providing affordable capital at flexible terms for infrastructure within Indigenous communities.
• Indigenous Equity Initiative (IEI) An initiative providing equity participation opportunities for Indigenous communities in projects where the CIB is making an investment, enabling Indigenous ownership stakes alongside CIB-backed infrastructure.
• Infrastructure for Housing Initiative A financing solution that alleviates development risks, improves project viability, and accelerates delivery of new housing-enabling infrastructure.
• Charging and Hydrogen Refuelling Infrastructure Initiative A program supporting private-sector EV charging and hydrogen refuelling infrastructure deployment, with a total CIB commitment of $1.5 billion.
• Building Retrofits Initiative A program to reduce emissions from buildings through energy efficiency retrofits for large buildings including industrial, commercial, and large residential properties.
• Critical Minerals Investments Financing and advisory support for critical minerals projects across the entire supply chain, addressing funding barriers and pursuing innovative financing solutions.
• Advisory Services Expert advisory services for public sector project sponsors, including reviewing government capital plans, turning public infrastructure policies into defined projects, and supporting projects from concept to early-stage feasibility, commercial structuring, and financial analysis, offered free of charge.
• Project Acceleration Funding Early investment to expedite due diligence and early works construction, with the goal of shortening critical paths of high-impact projects, and includes FEED capital expenditures for energy transition projects such as carbon capture, hydrogen, and clean fuels. CIB has committed $500 million to project acceleration.

Quantifiable outcome

• 320,727 jobs created during construction
• +5 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered strategic and core.

• Wskijinu'k Mtmo'taqnuow Agency Ltd. (WMA)strategicStrategic or Co-development PartnerNova Scotia Mi'kmaq First Nations organization holding equity stake in Wasoqonatl Transmission Line through CIB's Indigenous Equity Initiative.
• Mi'gmaq United Investment Network (MUIN)strategicStrategic or Co-development PartnerNew Brunswick Mi'gmaq organization acquiring equity stake in Wasoqonatl Transmission Line through CIB support for Indigenous ownership.
• Indigenous CommunitiesstrategicStrategic or Co-development PartnerCIB targets at least $3 billion in revenue-generating Indigenous infrastructure projects across four priority sectors, providing equity participation opportunities through Indigenous Equity Initiative (IEI) and Indigenous Community Infrastructure Initiative (ICII).
• Provincial and Territorial GovernmentscoreStrategic or Co-development PartnerCIB collaborates with provincial and territorial governments on infrastructure projects including clean energy, transportation, and housing enabling infrastructure.
• Meadow Lake Tribal Council (MLTC)strategicStrategic or Co-development PartnerThrough M-Squared Renewables partnership, nine nations of MLTC hold majority Indigenous ownership in Rose Valley Wind project.

Scale indicators13 records

Recent moves5 records

Expansion highlights7 records

Direct peers

• Infrastructure Ontario: Ontario provincial Crown agency that procures, delivers, and finances major public infrastructure projects. Direct functional analog to CIB at the provincial level, with CEO Ehren Cory having previously led the organization.
• UK Infrastructure Bank: UK government's infrastructure development bank, established in 2021 to finance green and infrastructure projects. Closest international analog to CIB in mandate, structure, and focus sectors.
• Export Development Canada (EDC): Canadian Crown corporation providing financing and risk management for Canadian exporters and direct investors. Routine co-investor with CIB in mining and infrastructure deals (e.g., US$335M joint facility for Nouveau Monde Graphite).
• Caisse de dépôt et placement du Québec (CDPQ Infra): Infrastructure arm of one of Canada's largest pension funds, directly investing in and developing major public infrastructure (notably transit and REM). Macky Tall, CIB's Board Chair, was CDPQ Infra's founding CEO.

Broad incumbents

• PSP Investments: Canadian pension investment manager with a sizable infrastructure portfolio across Canada and globally. Board member Bruno Guilmette previously led infrastructure at PSP, providing direct competitive overlap with CIB in the institutional infrastructure investor pool.
• Brookfield Asset Management: One of the world's largest infrastructure investors, headquartered in Toronto with a major Canadian renewable and utility footprint. CIB CFO Evelyn Joerg came from Brookfield's infrastructure team; competing directly for Canadian infrastructure deals.
• Ontario Teachers' Pension Plan Board: Large Canadian pension fund with a significant infrastructure portfolio and direct origination capability. Operates as a long-term institutional investor in Canadian infrastructure projects in the same sectors CIB targets.
• British Columbia Investment Management Corp (BCI): Canadian institutional investor managing pensions and insurance assets with a dedicated infrastructure program. Competes for Canadian infrastructure assets and partners with CIB on provincial projects such as the North Coast Transmission Line.

Regional players

• European Investment Bank: EU's long-term lending institution and one of the world's largest multilateral financiers of infrastructure and climate projects. Closest international DFI analog by mandate, though EU-focused rather than Canadian.
• KfW (Kreditanstalt für Wiederaufbau): German state-owned development bank financing domestic and international infrastructure, climate, and municipal projects. Comparable to CIB in combining a national development mandate with project-finance origination and concessional lending.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cib_en
• LinkedInlinkedin.com/company/canada-infrastructure-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments30 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Canada Infrastructure Bank