Ottawa – The governments of Canada and Ontario have agreed to invest more than $1.1 billion in combined funding available under the Clean Water and Wastewater Fund.
The federal government is providing up to 50 per cent of this funding, amounting to almost $570 million, for projects while the provincial government will invest almost $270 million, it said in a news release.
Municipalities, First Nations and local services boards will cover the remaining costs. Municipalities will also be able to apply their Ontario Community Infrastructure Fund (OCIF) formula grants toward the municipal contribution for these projects. Ontario recently announced it will triple OCIF funding to $300 million per year by 2018-19.
Also announced was an initial list of 41 approved projects under the funding program. The list includes important work to create a new landmass around the current Essroc Quay in Toronto that will stabilize the area shoreline under flood conditions; replace aging water mains and provide sanitary and storm water services in Barrie; retrofit work for ponds in Brampton to enhance water quality and control erosion; upgrades to the main water line and the construction of a new storm water treatment plant in Sudbury; improvements to the Hespeler wastewater treatment plant in Waterloo; and upgrades to the snow disposal facility in Guelph.
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