Infrastructure Ontario 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.

Infrastructure Ontario’s (IO) Loan Program has committed to more than $550 million in loans, in support of 159 local infrastructure projects over the past year. The loan portfolio continues to grow and support community needs.

IO committed to financing 159 local projects, including:

  • 43 road and bridge projects – almost $70 million in loans, including road/sidewalk rehabilitation projects in the City of Thunder Bay
  • 25 water/wastewater projects – nearly $80 million in loans, including a plant expansion in the City of Quinte West
  • More than 30 vehicle acquisitions – $12 million in loans, including a fire pumper for the Township of Norwich
  • Five recreation projects – $9 million in loans, including arena upgrades in the Town of Lincoln
  • Four housing projects – $7.8 million in loans, including expanded housing for Kingston and Frontenac Housing Corporation
  • Four long-term care projects creating hundreds of new beds - $184 million in loans, including the Golden Plough long-term care home in Northumberland County

Affordable loans have helped modernize and renew infrastructure in all parts of Ontario, including:

  • 29 projects in Northern Ontario – $46.4 million in loans
  • 63 projects in Eastern Ontario – $294.5 million in loans
  • 64 projects in Southwestern Ontario – $159.5 million in loans
  • Three projects in Central Ontario – $54.3 million in loans

The Loan Program continues to evolve in order to better meet client needs. Whether through the loan deferral program to assist municipalities, long-term care and housing providers during the pandemic, hosting municipally-focused webinars, or process improvements, IO is continually looking for ways to build and enhance the program to support communities.

The Loan Program is one of Ontario's financing approaches to help municipalities and other public-sector partners renew Ontario's public infrastructure. IO loans provide affordable, long-term financing in support of infrastructure development.  

IO loan representatives will be attending this year's virtual  Ontario Good Roads Association Annual Conference (OGRA). Conference delegates will be able to connect with representatives at IO's virtual booth.

To learn more about the Loan Program, click here.