On June 11, the federal government announced the town is approved for a $2.3-million infrastructure loan as part of Canada’s Economic Action Plan.
Perth – Wellington MP Gary Schellenberger made the announcement on behalf of Minister of Human Resources and Skills Development Diane Finley.
“Our government understands the importance of infrastructure in maintaining strong and prosperous communities,” said Schellenberger.
“This program is opening the door for municipalities to meet their housing-related infrastructure needs. Canada’s economic action plan will continue to create jobs and stimulate the local economy here in Minto, and in all corners of the country.”
The low-cost loan from CMHC’s Municipal Infrastructure Lending program, is to upgrade Minto’s wastewater treatment systems. The money will be used to increase the capacity of the collection system and reduce the risk of sewer back-ups.
The economic action plan provides up to $2-billion in direct low-cost loans to municipalities over two years, for housing-related infrastructure projects through the CMHC.
The loans can also be used by municipalities to fund their contribution for cost-shared federal infrastructure programming.
“The Town of Minto greatly appreciates the funds made available through CMHC’s Municipal Infrastructure Lending program,” said Mayor David Anderson. “The funds made available through this program allows the Town of Minto to better prepare for future growth and prosperity.”
Eligible projects include infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure, such as roads, sidewalks, lighting and green space.
More information can be found at actionplan.gc.ca.
