Liricon Capital Ltd.
Liricon is the family holding company of Banff locals Jan and Adam Waterous, who have been facilitating the planning and stakeholder support for the CABR Project for more than five years.
To drive success for the project, Liricon has already entered into a long-term lease of the historic Banff Train Station and entered into an MOU with CP Rail to utilize the CP Rail Corridor for the project.
Liricon has been deeply engaged with CIB and the Province of Alberta since its initial unsolicited proposals in 2019 and May 2021 respectively.
Liricon was encouraged to expand its development team with complementary skills. After a process involving more than 30 Canadian and international developers, Liricon selected Plenary as its co-development partner.
Plenary Americas is the largest dedicated public-private-partnership (P3) developer in North America, with over 100 in-house professionals with capabilities spanning legal, finance, technical oversight, project delivery and the full scope of “back office” services necessary to support a project of this scope and complexity.
Since its founding in Canada in 2005, Plenary has developed and now manages 55 P3 projects in North America, including the Stoney CNG Bus Storage and Transit Facility in Calgary. Plenary is owned by Caisse de dépôt et placement du Québec (CDPQ), a global investment group managing net assets of over $390 billion on behalf of more than 40 public pension and insurance plans.
Canada Infrastructure Bank (CIB)
Canada Infrastructure Bank (CIB) is an impact investor deploying $35 billion to develop the next generation of infrastructure Canadians need. It delivers outcomes such as sustainable economic growth, connected communities and climate change action. It develops new partnerships and brings a private sector focus to achieve Canada’s environmental sustainability and prosperity goals.
As an advisor, it will conduct analysis, review the project’s estimated costs and revenues, explore financing options and assess environmental, social and economic benefits. It will potentially invest in the project, pending due diligence and decision-making by its Board.
Its team of experts engages and builds relationships with all levels of government, Indigenous communities and private and institutional investors. Its unique position allows it to conduct market analysis and provide specialized commercial and investment expertise. This includes innovative financial modelling, project structuring and procurement options to support project sponsors.