Canada Infrastructure Bank Invests $19.3 million in Toronto Western Hospital Retrofit Project
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Thursday, October 21, 2021
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TORONTO, Oct. 21, 2021 /CNW/ - The Canada Infrastructure Bank (CIB) has reached financial close on the world's largest raw wastewater energy transfer project, located at Toronto Western Hospital, part of the University Health Network (UHN).
Key Points:
- TORONTO, Oct. 21, 2021 /CNW/ - The Canada Infrastructure Bank (CIB) has reached financial close on the world's largest raw wastewater energy transfer project, located at Toronto Western Hospital, part of the University Health Network (UHN).
- Under the terms of the agreement, the CIB will invest up to $19.3 million in subordinated debt and Vancity Community Investment Bank will invest $15.3 million in senior debt.
- The Government of Canada is providing a grant under the Environment and Climate Change Canada - Low Carbon Economy Fund.
- This milestone would not have been possible without the support of the University Health Network and the City of Toronto and our project partners, Enbridge Gas, the Canada Infrastructure Bank and VanCity Community Investment Bank.