Canada Infrastructure Bank (CIB) announced an investment commitment of up to CAD 20 million (USD 15.3 million) in the Water and Wastewater Project in Mapleton Township in Wellington County, province of Ontario. The Township is seeking a consortium to design, build, finance, operate and maintain the municipality’s new and existing water and wastewater infrastructure for up to 20 years.

Mapleton is an agricultural and rural community of approximately 11,000 residents. The project will expand access to safe drinking water and capacity for the treatment of wastewater for up to 20 years. As part of the project, the Township will upgrade its water system including the building of a new water tower, upgrading an existing water pumping station, a wastewater treatment project, and a gravity sanitary collection system.

This partnership demonstrates how the CIB can enable the public and private sectors to improve infrastructure delivery in Canada and help the Township of Mapleton continue to provide households and businesses access to clean drinking water using modern infrastructure.

The CIB’s investment commitment will improve the cost of project financing and attract private capital expertise while ensuring appropriate risk transfer to the private sector. This is an example of how CIB’s innovative financing model can be a catalyst for new infrastructure in both small and large communities.

The investment will be offered in the form of a standardized debt financing package to all proponents during the request for proposals open period. CIB will finalize a credit agreement with the project’s Preferred Proponent at Financial Close.