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Financing Resilient Infrastructure Project

Despite the strong economic case for investing in climate adaptation, public funds are significantly limited. This challenge is particularly acute for municipalities which own and operate 60 percent of Canada’s public infrastructure, have limited capacity and revenue sources to address climate impacts, and are facing a large price tag for infrastructure adaptation. Given the accelerating changes in our climate and the multi-billion-dollar loss events recently experienced in communities across Canada, a whole-of-society approach is needed. Through a financing model where private investors work alongside all orders of government, municipalities can achieve the scale and speed of the resilient infrastructure construction required to withstand and recover from climate impacts. The effectiveness of this approach depends on the collaboration of municipal climate practitioners and financial experts.

About the project

Over the course of 2023, ten Canadian municipalities worked in partnership with ICLEI Canada and Co-operators on the Financing Resilient Infrastructure Project (FRIP). Through FRIP, participating municipalities identified a suite of possible resilient infrastructure projects that private investors could help realize. A core component of FRIP was to connect municipal practitioners with financial experts from both the private and public sectors. The opportunity for project participants and financial experts to exchange insights on topics related to project feasibility and bankability (i.e., cash flows) and explore finance-related questions proved to be immensely valuable in identifying municipal resilient infrastructure projects that could be realized with the help of innovative financing.

Project Outputs

The resilient infrastructure projects identified through FRIP address a range of climate hazards and could be implemented in any Canadian community through various financing mechanisms. These projects along with the tools that were used to identify and prepare them for financing have been compiled into the Getting Ready to Finance Toolkit — a toolkit designed to help municipal practitioners prepare their own resilient infrastructure projects for financing.

Project Partners

FRIP was led by ICLEI Canada, Co-operators, and Co-operators’ asset management arm – Addenda Capital. Through this project, ICLEI Canada and Co-operators aimed to understand barriers to financing resilient infrastructure projects while also shifting the perspective around the role private capital can play in building community resilience. Outputs from the rich dialogues that occurred through this work will support municipalities as they consider innovative approaches involving private finance, as a complement to public funding, in the spirit of accelerating and scaling the mission-critical work of building communities that are resilient to climate change.

Participating municipalities

  • New Glasgow, Nova Scotia
  • Halifax, Nova Scotia
  • Fredericton, New Brunswick
  • Laval, Québec
  • Mississauga, Ontario
  • Timmins, Ontario
  • Saskatoon, Saskatchewan
  • Canmore, Alberta
  • Port Moody, British Columbia
  • Saanich, British Columbia

We respectfully acknowledge that our work happens across Turtle Island which has traditionally been and is home to many diverse First Nations, Inuit, and Métis peoples since time immemorial. We recognize that reconciliation is a fundamental component to building net-zero resilient communities. We are committed to strengthening relationships with Indigenous groups and knowledge keepers, knowing that reconciliation requires ongoing learning, unlearning, reflection, and action. We endeavour to listen to and learn from Indigenous Peoples on an ongoing basis in the process of our work.

ICLEI Canada

Co-operators was founded in 1945 in Regina, SK, Treaty 4 territory, the traditional land of the Cree, Saulteaux, Dakota, Lakota, Nakoda and the homeland of the Métis. Today, our co-operative exists in communities from coast to coast to coast. We recognize that the many places where we live and work are home to past, present and future First Nations, Inuit and Métis Peoples. Our corporate headquarters in Guelph, ON, sits on the Between the Lakes Treaty (No. 3) territory, the traditional land of the Mississaugas of the Credit First Nations and the ancestral homelands of the Anishinaabe, Haudenosaunee and Attawandaron Peoples. We acknowledge that Indigenous Peoples are stewards of this land and that our work is carried out across the traditional territories of the First Nations, Inuit and Métis Peoples. This grounds our journey toward a path of truth and reconciliation with our Indigenous neighbours, clients, members, employees and partners. 


We pause to remember that in this province we live and work on lands that are by law the unceded territories of the Wabanaki peoples – predominantly the land of the Mi’kmaq. May we live with respect on this land and live in peace and friendship with its people. We also recognize the African Nova Scotians whose culture, heritage, and history have been and remain a key part of our province for more than 400 years. 

New Glasgow, Nova Scotia

The Halifax Regional Municipality is located in Mi’kma’ki, the ancestral and traditional lands of the Mi’kmaq people. The Municipality acknowledges the Peace & Friendship Treaties signed in this Territory and recognizes that we are all Treaty People. 

Halifax, Nova Scotia

The City of Fredericton is situated in the traditional homeland of the Wolastoqey Nation since time immemorial. The Wolastoq (St. John River) which runs through our City means “Beautiful and Bountiful River” from which the Wolastoqiyik People take their name. This homeland is covered by the “Treaties of Peace and Friendship” that Wolastoqiyik, Peskotomuhkatiyik (Passamaquoddy) and Mihkomak (Mi’kmaq) first signed with the British Crown in 1725. These treaties did not deal with surrender of lands and resources but in fact recognized Wapnahkiyik (Wabanaki) title and established the rules for what was meant to be an ongoing relationship between nations.

Fredericton, New Brunswick

We acknowledge the lands which constitute the present-day City of Mississauga as being part of the Treaty and Traditional Territory of the Mississaugas of the Credit First Nation, The Haudenosaunee Confederacy, and The Huron-Wendat and Wyandot Nations. We recognize these peoples and their ancestors as peoples who inhabited these lands since time immemorial. The City of Mississauga is home to many global Indigenous peoples.

Mississauga, Ontario

The City of Timmins acknowledges that we are located on the traditional Lands of Mattagami First Nation, Flying Post First Nation, and Matachewan First Nation, home to many Ojibway, Cree, Oji-Cree, Algonquin and Métis people. We also acknowledge that we are situated in Treaty 9 territory (also known as the James Bay Treaty), which is steeped in the rich Indigenous history of many First Nations, Metis and Inuit People. We make this acknowledgement as a first step in recognizing First Peoples’ long history and living culture, made with respect to Elders, both past and present.

Timmins, Ontario

We acknowledge that our community is located on Treaty 6 Territory and the Traditional Homeland of the Métis. Indigenous people of primarily Cree, Dakota and Saulteaux descent have called Saskatoon home for thousands of years. Today, Saskatoon is home to Indigenous people from a diversity of cultures and language groups. The City of Saskatoon (City) recognizes the distinct order of government of First Nations and Métis and is committed to maintaining strong relationships through meaningful dialogue with Indigenous communities and organizations. Strengthening cooperation and mutual support by working in partnership with Indigenous communities toward respective community goals and objectives is vital to fostering more inclusive communities.

Saskatoon, Saskatchewan

The Town of Canmore is located within Treaty 7 region of Southern Alberta. In the spirit of respect, reciprocity and truth, we honour and acknowledge the Canmore area, known as “Chuwapchipchiyan Kudi Bi” (translated in Stoney Nakoda as “shooting at the willows”) and the traditional Treaty 7 territory and oral practices of the Îyârhe Nakoda (Stoney Nakoda) – comprised of the Bearspaw First Nation, Chiniki First Nation, and Goodstoney First Nation – as well as the Tsuut’ina First Nation and the Blackfoot Confederacy comprised of the Siksika, Piikani, Kainai. We acknowledge that this land is also home to the Rocky View Métis District 4 within the Battle River Territory. We acknowledge all Nations who live, work, and play and help us steward this land and honour and celebrate this territory. We commit to working to live in right relations and to advance Truth and Reconciliation.

Canmore, Alberta

We carry out our business on the ancestral and unceded homelands of the kʷikʷəƛ̓əm (Kwikwetlem), səlilwətaɬ (Tsleil-Waututh), xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), q̓ic̓əy̓ (Katzie), qʼʷa:n̓ ƛʼən̓ (Kwantlen), qiqéyt (Qayqayt), and Stó:lō (Sto:lo) Peoples, and extend appreciation for the opportunity to work on this territory. We are grateful to these Coast Salish Nations for their stewardship and protection, past and present, of the land, water, and air that we all rely on. And we acknowledge and appreciate their generosity of spirit in sharing their knowledge and teachings with Port Moody residents and visitors. 

Port Moody, British Columbia

The District of Saanich lies within the territories of the lək̓ʷəŋən peoples represented by the Songhees and Esquimalt Nations and the W̱SÁNEĆ peoples represented by the W̱JOȽEȽP (Tsartlip), BOḰEĆEN (Pauquachin), SȾÁUTW̱ (Tsawout), W̱SIḴEM (Tseycum) and MÁLEXEȽ (Malahat) Nation. The First Peoples have been here since time immemorial and their history in this area is long and rich. The District of Saanich is proud that our name is derived from the W̱SÁNEĆ peoples.  Saanich Council is committed to taking a leadership role in the process of healing wounds of the past and becoming a more just, fair and caring society.

Saanich, British Columbia

FRIP Resources

Reflections from the Financing Resilient Infrastructure Project Blog Post

We need to accelerate the scale and speed of resilient infrastructure construction at the local level. But how can we do so in a way that is sustainable and financially viable? In this blog article, ICLEI Canada and Co-operators reflect on FRIP and share lessons that were learned along the way.

Building Tomorrow: Getting Resilient Infrastructure Projects Ready for Financing Webinar

Watch this webinar replay from March 5th, 2024 to hear from municipal and financial experts involved in FRIP and the creation of the Getting Ready to Finance Toolkit. Learn more about FRIP, the resources included in the Toolkit, how to use these to prepare projects for financing, and listen in on a Q&A session.

Getting Ready to Finance Toolkit

Discover examples of resilient infrastructure projects identified through FRIP, along with the tools that were used to identify and prepare them for financing. These have been compiled into the Getting Ready to Finance Toolkit — a toolkit designed to help municipal practitioners prepare their own resilient infrastructure projects for financing. 

FRIP was undertaken by ICLEI Canada and Co-operators with the financial support of Co-operators. We would also like to acknowledge the municipal staff, financial experts, and the FRIP Advisory Group involved in the project.

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We respectfully acknowledge that ICLEI Canada’s work happens across Turtle Island which has traditionally been and is home to many diverse First Nations, Inuit, and Métis peoples since time immemorial.

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