BIV
Summary
Two years since it launched, the nascent Canada Infrastructure Bank (CIB) is moving forward with what could be its first investment in B.C.
At this stage, the federal Crown corporation will help the City of Richmond develop the largest district energy system in North America – one that services 50 million square feet of residential and commercial spaces with energy from geothermal, sewer and other sources, and will reduce greenhouse gas emissions by up to 80%.
“That’s a big move,” said Clay Adams, director of communications and marketing for the city. “The next step is how we make that happen.”
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