The Township of St. Clair has been approved for a $9 million low-cost loan under CMHC’s Municipal Infrastructure Lending Program (MILP) for the upgrade and expansion of a regional wastewater treatment plant for Corunna and Courtright. This regional facility will accommodate the expected growth of the Township.
“Our Government understands the importance of infrastructure in maintaining strong and prosperous communities,” said MP Davidson. “This program is opening the door for municipalities of all sizes to meet their housing-related infrastructure needs and create jobs. It’s good news not only for Corunna and Courtright, but also for Ontario.”
Canada’s 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 MILP. Municipal infrastructure loans are available to any municipality in Canada and provide a new source of funds for municipalities to invest in housing-related infrastructure projects. These low-cost loans can also be used by municipalities to fund their contribution to cost-shared federal infrastructure programming.
Eligible projects include infrastructure related to housing services such as water, power generation and waste services, as well as local transportation infrastructure within and into residential areas, such as roads, sidewalks, lighting and green space.
“We are very pleased to be starting the new wastewater treatment plant project in partnership with the federal and provincial governments and to finance our local share with CMHC,” said Mayor Steve Arnold. “Our community, as well as those communities downstream from us, will benefit in this multi-partnership to make our environmental footprint much less than it has been for many years. The Council and Staff of St. Clair Township are very pleased that this project is finally becoming a reality for our community.“
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