Ontario Government Invests $8,691,562 For Peterborough Critical Water Infrastructure
/The Ontario government has invested up to $8,691,562 to rehabilitate water infrastructure in the City of Peterborough, announced at City Hall on Friday.
Photo by David Tuan Bui.
The target area is the water systems at Lansdowne Street West and Park Street. The funding supports the replacement and upgrade of aging watermain, sanitary sewer and storm sewer infrastructure.
The City of Peterborough has outlined the project’s goals and benefits as follows:
Strengthen community resilience by helping protect the area during extreme weather events
Improve flood reduction and drainage through upgraded storm sewer infrastructure
Increase watermain and sanitary sewer capacity and to better serveexisting homes and businesses
Support future growth and development with expanded servicing capacity
Enhance public accessability thrrough roadway and intersection improvements
The funding comes from the province’s Municipal Housing Infrastructure Program’s Health and Safety Water Stream (MHIP-HSWS). The amount has increased by $700 million to $875 million.
The total approved project’s cost is $11,906,250:
The Province of Ontario will invest up to $8,691,562, representing approximately 73 per cent of the total project cost
The City of Peterborough will contribute $3,214,688, covering the remaining 27 per cent
