The establishment of FNII has been underway since 2017. Here are some common questions about the institute.
The establishment of FNII has been underway since 2017. Here are some common questions about the institute.
FNII is an optional Indigenous-led institution to support First Nations and Indigenous organizations to plan, procure, own and manage their infrastructure assets on their lands. In 2017, First Nations leaders from across the country formed a Development Board to guide the creation of FNII. FNII supports those Nations and Indigenous organizations that choose to work with it to develop their infrastructure projects in a faster, more cost-effective, and sustainable manner.
FNII was established through an amendment to the First Nations Fiscal Management Act (FMA) in 2023.
Yes, services are being provided to Nations and Indigenous organizations to develop infrastructure project business cases. The use of FNII services is completely optional to the Nation or other organization. For those that choose to work with FNII, services are provided free of charge. If you would like to learn more about developing an infrastructure business case, please check out our webinars. To find out how FNII can support your organization please visit our resources page.
First Nations participating in the First Nations Fiscal Management Act (FMA) are already getting better access to capital, more fiscal powers, and better financial management systems, and as a result are growing their economies and improving the social outcomes within their communities. The FMA institutions support these efforts by helping to implement best practice standards, templates, software and training related to financial management, fiscal powers and a better credit rating.
FNII takes a similar approach with infrastructure. Interested First Nations will opt into using FNII services to implement the best practices and standards for infrastructure planning, procurement, design, financing, construction, operation and maintenance. This will reduce the time to build infrastructure and extend the expected useful life of that infrastructure, delivering improved value for the money invested. It will raise participating First Nation infrastructure to national and international best practices.
FNII will work with the other FMA institutions as follows:
The work of the other FMA institutions is complementary to FNII’s mission:
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