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:

  • Municipality of West Nipissing, for a new police station – $9,500,000 loan
  • Town of Bancroft, for a roll-off truck and trailer – $190,000 loan
  • Municipality of Kincardine, for a main replacement and upgrades to water and wastewater infrastructure – $8,629,030 loan

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.