Ontario continues to support municipalities and other eligible public-sector partners with affordable, long-term financing for infrastructure development and renewal, including through Infrastructure Ontario’s (IO) Loan Program.
“As the financing needs of our province’s communities continue to grow during the pandemic, Infrastructure Ontario has evolved to provide virtual loan and financing support for all municipalities,” said Laurie Scott, minister of infrastructure. “This will help municipal infrastructure renewal and financial planning to continue through virtual communication in a safe and responsible manner.”
Loan representatives from IO will attend upcoming virtual municipal events, such as the Ontario Good Roads Association Annual Conference (OGRA) (OGRA) in late February 2021.
Whether through the loan deferral program to assist municipalities during the pandemic, the introduction of new products, or process improvements, IO is continually looking for ways to build and enhance the program to support communities.
The program is one of the government’s financing approaches to help municipalities and other public-sector partners renew public infrastructure across the province. IO loans provide affordable, long-term financing in support of infrastructure development.
Learn more through IO’s Loan Program video and website.
IO Loan Program representatives may be reached anytime during normal business hours. Contact details can be found online.
Since 2003, more than $11 billion in loans have been approved in support of more than 3,100 community infrastructure projects across the province.
Loans can be used to finance a broad range of capital expenditures including construction and expansions, energy-efficiency projects, and equipment purchases. Municipalities, municipal corporations, and housing providers make up almost 90 per cent of the loan volume (by value).