Infrastructure Ontario (IO) continues to support its 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 eligible organizations are: 

  • Township of Admaston Bromley for landfill expansion, snow plow, snow blower, equipment shed, and road work projects - $250,000 loan
  • County of Elgin for road reconstruction project - $6,000,000 loan
  • City of Quinte West for new police station - $11,000,000 loan
  • Township of Tarbutt and Tarbutt Additional, for purchase of sanding/plow unit - $254,250 loan

The Loan Program is one of Ontario’s alternative financing approaches to help municipalities, housing providers 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 a clean healthy environment.