CIB is a federal government agency mandated to invest $35 billion across Canada in transformative projects in the national interest which are revenue generating and can attract private sector capital with the support of CIB. CIB has been a strong supporter of the viability of CABR, funded feasibility studies on linking the airport through downtown Calgary to Banff and have committed to lend up to 50% of the capital costs of the project on a long term project risk basis at low interest rates. CIB are also willing to fund project development costs on a matching basis with Government of Alberta and the private sector.
The CIB financial support, cheaper than Government of Alberta can borrow, makes the proposed P3 solution much more cost effective than the traditional public transit funding model and also supports a much higher level of risk transfer to the private sector and awau from the Alberta taxpayer.