The new funding program is open to providers with projects costing at least $10 million, and applicants can simultaneously apply for a share of $400 million in grants from Natural Resources Canada. The bank is to be paid back on a sliding scale—more if use of the chargers exceeds expectations, less if it doesn’t. (The Logic)

Talking point: The program is to fulfill the federal Liberals’ promise to build 50,000 new electric-vehicle chargers and hydrogen fuelling sites and is the type of infrastructure the bank was intended to support: “revenue-generating infrastructure which benefits Canadians and attracts private capital.” The bank’s CEO Ehren Cory said in a Wednesday speech to the Canadian Club that the program’s sweet spot will be in projects that will start turning profits in several years—charging stations that will be instantly profitable won’t need CIB loans and ones that won’t make money for 10 or 15 years won’t meet the need to encourage zero-emissions vehicle adoption fast.