loan

City seeks to borrow $15M for treatment plant

City seeks to borrow $15M for treatment plant

Brandon City Council will introduce a bylaw to borrow $15 million for the final phase of upgrades to the municipal water treatment plant at its next meeting. In January, Premier Heather Stefanson announced that Brandon would be receiving a further $15 million from the province toward the project on top of the $38 million it had already provided.

Canada Infrastructure Bank invests $7.9 million in Netmizaaggamig Nishnaabeg infrastructure to accelerate residential and economic growth

Canada Infrastructure Bank invests $7.9 million in Netmizaaggamig Nishnaabeg infrastructure to accelerate residential and economic growth

Investment enables water, electricity, and broadband connections for community growth, housing and commercial space The Canada Infrastructure Bank (CIB) and Netmizaaggamig Nishnaabeg (formerly Pic Mobert First Nation) have finalized their agreement for the CIB to lend $7.9 million towards critical infrastructure required for commercial and residential development that will improve living standards on reserve.

Canada Infrastructure Bank invests in new shíshálh Nation Government District-owned wastewater treatment plant

Canada Infrastructure Bank invests in new shíshálh Nation Government District-owned wastewater treatment plant

The Canada Infrastructure Bank (CIB) and the shíshálh Nation Government District (sNGD) announced financial close on an agreement, which will see the CIB lend $6.4 million to support a new Port Stalashen Wastewater Treatment Plant through its Indigenous Community Infrastructure Initiative. The plant will be located on shíshálh Nation lands near Sechelt, B.C., and will play a role in enabling economic growth, protecting the coastal environment, and safeguarding public health through improving the outfall. The investment will serve the shíshálh Nation, which represents a population of more than 1,500 members, and lessees on shíshálh Nation Lands (Tsawcome) No. 1.

Melfort taking $4 million loan for water line replacement

Melfort taking $4 million loan for water line replacement

Melfort council has passed a motion to allow the city to borrow $4 million for water line replacements this summer. This isn’t the first public conversation about the borrowing with it being a topic of discussion when council deliberated the 2022 budget in January. The city loses about 12 to 15 per cent of its water supply due to breaks annually. Adam Homes, Melfort’s city manager, called the $4 million loan a start to alleviating the issue.