Nipawin MIC 2015: Alternative Infrastructure Implementation and Management (AIIM)

Before reading the notes on this topic here is a picture to look at for a bit.

Nipawin MIC 2015. April 23, 2015

·         Provides alternative solutions for financing

·         CIFF provides financing for municipal projects less than $50 million

·         As low as $3 million

·         Average of $15 - $20 million

·         CIFF is a consortium with a broad range of services from legal to construction

·         Works with 20% equity and 80% debt financing

·         CIFF provides capital with no cost overruns and life cycle maintenance

·         AIIM

·         Plan, design, finance, operate, maintain,

·         Can bring all parties together for the project

·         Provides flexibility P3s can’t

·         transfers

·         There is a multitude of projects that need to be done ranging from water to arts to rec to lagoons

·         By integrating financing, design through to life cycle maintenance it is estimated that approximately 25% can be saved on the life of the asset

·         The premium to do this process is about 50 – 80 basis points

·         Objective of AIIM is:

·         Availability of service

·         Cost certainty

·         Life cycle considerations

·         Efficient allocation of risk