New program can be created in collaboration with TD Bank Group and the Canada Infrastructure Bank
OTTAWA, Nov. 10, 2022 (GLOBE NEWSWIRE) — AFOA Canada has collaborated with the Canada Infrastructure Bank (CIB) and TD Bank Group (TD) to develop a mission financing certification program that may strengthen Indigenous peoples and communities skills to construction and handle giant infrastructure tasks. The new certification program developed by AFOA Canada, centered on mission financing and sponsored by the CIB and TD, will embody modules centered on danger administration and mission financing, contracting and asset upkeep.
Indigenous communities face challenges with restricted human and monetary assets and capability, and nice demand to ship on applications and companies. The certification program will empower Indigenous communities to higher perceive mission financing for giant infrastructure tasks, offering contributors with extra confidence to work with exterior consultants. The program will assist construct capability in Indigenous communities to assist future financial progress.
“Many Indigenous communities are on a journey from the management of poverty to the management of socio economic prosperity and that requires the development of new knowledge and skills,” stated Terry Goodtrack, President and CEO, AFOA Canada, “Our organization supports the professionals overseeing that journey and the certification will provide the development of those skills. This collaboration with TD Bank Group and the CIB will allow us to train more people and address the barriers in advancing Indigenous infrastructure”
“As part of the CIB’s mandate, we provide advisory services and build capacity for Indigenous participation in large-scale projects and are committed to the Government of Canada’s path to Reconciliation. By collaborating with AFOA Canada and TD Bank Group, we are supporting more equitable access to training, and education opportunities for Indigenous communities,” stated Ehren Cory, CEO, Canada Infrastructure Bank. “Enhanced project finance training will ensure Indigenous communities have the resources to access capital and develop infrastructure projects that prioritize local needs and deliver positive outcomes.”
“We are very proud to support AFOA Canada through the TD Ready Commitment, the Bank’s corporate citizenship strategy,” said Doris Bear, Vice President, Indigenous Banking, TD Bank Group. “Through this unique certification program, professionals from Indigenous communities will be able to build capacity in key areas of large infrastructure initiatives, which will have a direct and tangible impact on many Indigenous communities.”
According to the Canadian Council for Public-Private Partnerships, the infrastructure deficit throughout First Nations in Canada has been estimated to be between $25 to $30 billion.
About
AFOA Canada
Entering its 23rd 12 months as an Indigenous Institution, AFOA Canada is the centre for excellence and innovation in Indigenous administration, finance, and governance. It is the one group in Canada that focuses on the capability improvement and day-to-day wants of these Indigenous professionals who’re working in all areas of administration, finance, band administration, management, and program administration.
AFOA Canada’s premise is that one of many keys to profitable self-determination, creating a greater life for Canada’s Indigenous individuals and a greater future for the subsequent technology lies in enhancing the administration abilities of these chargeable for the stewardship of Indigenous assets.
Media inquiries
Douglas Beaver, Director of Marketing and Communications
[email protected]
Telephone: (613) 722-5543
Partner hyperlinks
TD Bank
Canada Infrastructure Bank
