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 four eligible organizations. 

The organizations are:

  • Municipality of Morris-Turnberry for the purchase of land for future infrastructure projects – $850,000 loan
  • Town of Lincoln, located in Niagara Region for multiple projects including a fire station, storm water management project and a community centre generator – $1,756,100 loan
  • Town of Aurora, located in York Region, for Library Square – $38,000,000 loan
  • Municipality of Grey Highlands for the Markdale water tower – $5,100,000 loan

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.  

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 key to building a strong economy, prosperous communities and creating jobs.

Link to Loan Program information here.