The Federation of Canadian Municipalities (FCM) Green Municipal Fund (GMF) offers below-market loans, in combination with grants, for sustainable transportation projects.
Any Canadian municipal government, corporation wholly owned by a municipal government, or a municipal partner may apply for funding under this call for applications.What projects are eligible?Projects that encourage modal integration and the development of comprehensive transportation networks and projects that aim to improve utilitarian transportation options (rather than primarily recreational options) are eligible under this call for applications.
Eligible applicants can request up to $4 million in loans and $400,000 in grants for each project.For municipal governments, GMF offers interest rates 1.5 per cent lower than the Government of Canada bond rate for the equivalent term.
Applications are considered as they are received. Each application is evaluated on its own merits. Not all proposals will be funded.Applications will be evaluated and considered for approval within four to five months from the date they are received.This call for applications will remain open until at least March 31, 2010.
Contact Name: Monique Delinelle, Application Coordinator Contact Phone:613-907-6357Contact Email:mdelinelle@fcm.ca
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