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:

  • City of Belleville for road reconstruction projects, LED streetlights, and a fire truck - $19,697,000 loan
  • Township of Casey for new plow truck - $74,426 loan
  • Town of Prescott for new plow truck - $274,400 loan
  • County of Prince Edward for hospital construction costs, LED streetlights, six tandem trucks - $4,748,092 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.