Infrastructure Ontario (IO) continues to support municipalities and other eligible public sector partners in their work to improve the quality of life in their communities by providing affordable, long-term financing for infrastructure development and renewal.
IO has entered into new commitments to provide financing through its Loan Program to three eligible organizations.
The eligible organizations are:
- The Township of Chatsworth, for a compactor and grader - $693,958 loan
- The City of Temiskaming Shores, for fleet replacement, water projects, firefighting equipment, culvert, medical centre upgrades and recreation projects - $4,678,135 loan
- The Township of Harley, for a bridge - $1,200,000 loan
- The Municipality of Whitestone, for road resurfacing - $270,000
With more than 440 public-sector clients, the Loan Program has helped finance various types of infrastructure projects such as the construction of roads, bridges, arena complexes and long-term care homes, and the acquisition and installation of capital assets like fire trucks and energy-efficient lighting.
Modern and efficient public infrastructure is critical for building a strong economy, prosperous communities and creating jobs.
For more information, please visit our Infrastructure Lending web pages.