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Name |
Canada - Green Municipal Investment Fund |
Status |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
2000 - present |
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Objectives |
GMIF is a CA$ 200 million permanent revolving fund that supports the implementation of innovative environmental projects. |
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Sponsors |
Government of Canada |
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Eligible Sectors |
Municipalities and their public-sector or private-sector partners. |
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Eligible Projects/Technologies |
Energy & energy services; Water service delivery; wastewater treatment services; Waste management services; Sustainable transportation services and technologies; Sustainable community projects |
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Fund Endowment |
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Terms |
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-Funding Instruments |
Loans and grants |
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-Interest Rates |
No lower than Government of Canada bond rate |
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-Payback |
Up to 10 years |
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-Size |
Unlimited up to 25% of project cost |
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-Collateral |
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-Share of loan in project cost |
Up to 25% |
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-Loan criteria |
Debt rating BBB or over; Debt service less than 25% of Rev.; Independent financial analysis |
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Comments |
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Sources |
GMIF |
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Contact Information |
greenfunds@fcm.ca
(613) 241-5221, ext. 357 |
