Canada Green Municipal Investment Fund

 Name

Canada - Green Municipal Investment Fund

Status

Active

Funding Mechanism

Loan fund

Duration

2000 - present

Objectives

GMIF is a CA$ 200 million permanent revolving fund that supports the implementation of innovative environmental projects.

Sponsors

Government of Canada

Eligible Sectors

Municipalities and their public-sector or private-sector partners.

Eligible Projects/Technologies

Energy & energy services; Water service delivery; wastewater treatment services; Waste management services; Sustainable transportation services and technologies; Sustainable community projects

Fund Endowment

Terms

-Funding Instruments

Loans and grants

-Interest Rates

No lower than Government of Canada bond rate

-Payback

Up to 10 years

-Size

Unlimited up to 25% of project cost

-Collateral

-Share of loan in project cost

Up to 25%

-Loan criteria

Debt rating BBB or over; Debt service less than 25% of Rev.; Independent financial analysis

Comments

Sources

GMIF

Contact Information

greenfunds@fcm.ca

(613) 241-5221, ext. 357