WHITEHORSE — The Canada Infrastructure Bank (CIB) has announced it is providing a $19.8 million infrastructure loan to help Kwanlin Dün First Nation (KDFN) accelerate construction timelines for more than 380 housing units in Whitehorse.
The 45-acre Chasàn Tatäy (formerly known as Range Point) master-planned community is a joint development between KDFN and the Government of Yukon. The project consists of two adjacent parcels: 37 acres of KDFN settlement land and eight acres of Government of Yukon land.
The loan will go towards site prep and enabling works such as the construction of water and wastewater mains, roads, underground utility connections and broadband service on KDFN’s parcel.
Construction of the Chasàn Tatäy development is expected to begin this summer.
This investment represents the CIB’s first loan to achieve financial close in the Yukon.
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