Calgary, Rockyview County partner with CIB to speed up logistics hub development

The City of Calgary and Rockyview County have formalized a partnership with the Canada Infrastructure Bank (CIB) to expedite the development of the Prairie Economic Gateway, a significant multi-billion dollar logistics hub planned for the city's southeast.

This memorandum of understanding is designed to accelerate the project's progression from the engineering design phase directly into construction activities. The initiative, referred to as an "inland port," is slated for development on 1,300 acres and represents a regionally approved collaboration between the two municipalities.

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It’s about progression. This is about moving from regional potential into coordinated action.

Oyin Shyllon, the City of Calgary's project manager for Prairie Economic Gateway, described the agreement with the CIB as "very significant" in transforming the project from a vision into a tangible reality. "It's about progression," he stated, emphasizing the move from "regional potential into coordinated action." Shyllon added that the deal signals growing momentum and confidence in Calgary's economic future.

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The Canada Infrastructure Bank’s expertise is second-to-none from an investor lense. I characterize it as the gold standard of due diligence that would allow all parties the comfort they would need to proceed.

According to a press release, the agreement establishes a framework for assessing the commercial, technical, and financial feasibility of the necessary public off-site infrastructure. Ben Manshanden, Rockyview County's manager of intergovernmental services and economic development, characterized the CIB's expertise as "second-to-none from an investor lense" and the "gold standard of due diligence."

Calgary Mayor Jeromy Farkas highlighted the agreement as an important step toward finalizing infrastructure investments that will unlock new trade, logistics, and industrial development, create jobs, and enhance Calgary's competitiveness. The planned infrastructure, including water, wastewater, stormwater systems, and road improvements, is expected to be built between this year and 2031.

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This agreement with the Canada Infrastructure Bank is an important step toward finalizing the infrastructure investments needed to unlock new trade, logistics and industrial development, create jobs and strengthen Calgary’s competitiveness.