The Globe and Mail reports in its Thursday, Sept. 28, edition that First Nations communities want a piece of the several hundred billion dollars worth of infrastructure projects being planned across Canada over the next decade. The Globe's James Berkow writes that with the fate of both critical infrastructure development and economic reconciliation at stake, the First Nations Major Projects Coalition and the Business Council of Canada have partnered to convene an event Thursday in Toronto they hope will shine light on their proposed solution: a federal loan guarantee program.
Such a program, proponents say, would not only go a long way toward righting historic wrongs perpetrated against indigenous peoples, it would also expand on the success of existing provincial programs while helping to ensure critically needed national infrastructure actually gets built. Provincial loan guarantee programs, such as the Alberta Indigenous Opportunities Corp., provide a good template for a federal program. It was the AIOC that made it possible in 2022 for 23 indigenous communities in Alberta to collectively raise $1.1-billion to purchase an 11.6-per-cent interest in a network of seven Enbridge pipelines.
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