City of Richmond Special Council Meeting Agenda Packet 2026-06-15
Canada Infrastructure Bank Funds Richmond District Energy
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Description
The Canada Infrastructure Bank is extending $175 million in low‑cost financing to Lulu Island Energy Company’s City Centre District Energy Utility project, including Oval Village infrastructure. This federal investment underpins major design, build, and expansion activities over the multi‑decade project term.
Contract Details
Contract Amount
$175,000,000
Vendor
CANADA INFRASTRUCTURE BANK
Agency
City of Richmond, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 6, 2026
Renewal Info
Financing is tied to the multi‑decade CCDEU project; specific loan maturity, amortization, or renewal terms are not detailed in the agenda materials.
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City of Richmond Special Council Meeting Agenda Packet 2026-06-15
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City of Richmond Special Council Meeting Agenda Packet 2026-06-15
City of Richmond Special Council Meeting Agenda Packet 2026-06-15
City of Richmond Special Council Meeting Agenda Packet 2026-06-15
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