FINANCIAL_SERVICESONGOING

Canada Infrastructure Bank Funds Richmond District Energy

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.

Status
ONGOING
Document date
June 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Canada Infrastructure Bank
Agency
City of Richmond · Canada

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$175,000,000
Contract type
FINANCIAL_SERVICES
Renewal
Financing is tied to the multi‑decade CCDEU project; specific loan maturity, amortization, or renewal terms are not detailed in the agenda materials.
Document type
AgendaPacket
Source document
City of Richmond Special Council Meeting Agenda Packet 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Richmond?

Canada Infrastructure Bank was awarded this financial services contract by City of Richmond, as recorded on June 6, 2026. The contract value is $175,000,000.

How much is the Canada Infrastructure Bank contract with City of Richmond worth?

The Canada Infrastructure Bank contract with City of Richmond is valued at $175,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Richmond Special Council Meeting Agenda Packet 2026-06-15 (AgendaPacket), dated June 6, 2026 from City of Richmond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Canada Infrastructure Bank hold?

Canada Infrastructure Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Canada Infrastructure Bank's profile

What is City of Richmond currently buying?

Explore City of Richmond's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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