Ontario Government Invests Over $9.5 Million For Peterborough's Critical Infrastructure

The Ontario government is investing $9,536,982 to help renew and rehabilitate critical infrastructure in the City of Peterborough, announced at City Hall on Friday morning.

In 2025, Ontario will allocate $400 million in OCIF funding to help 423 small, rural and northern communities build roads, bridges, water and wastewater infrastructure. Communities may accumulate funding for up to five years to address larger infrastructure projects. Photo by David Tuan Bui.

The funding will be delivered in 2025 through the Ontario Community Infrastructure Fund and is part of the government’s $190 billion capital plan to build and expand more homes, highways, hospitals, transit and high-speed internet across the province according to a press release.

“This investment of over $9 million will improve infrastructure throughout the City of Peterborough, particularly in the downtown core,” said Dave Smith, Peterborough-Kawartha MPP. “It is formula-based funding that is sent out to the municipalities each year and is something they can count onto plan for critical infrastructure projects.”

“With this support, we can address key projects that will improve our core infrastructure and create long-lasting benefits for our residents,” said Mayor Jeff Leal. “Strong infrastructure is the backbone of our city’s future, and this partnership with the province plays a pivotal role in ensuring a vibrant Peterborough for many years to come.”

The OCIF provides funding for local infrastructure projects in municipalities with populations under 100,000, rural and northern municipalities and Local Services Boards that own water or wastewater systems.

The funding allocations are based on a formula that accounts for each community's needs and economic conditions.

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