“This funding will be used to support key road infrastructure upgrades in Peterborough,” said Mayor Jeff Leal.

Funding allocations are based on a formula that takes into account the different needs and economic conditions of each community. OCIF provides funding for local infrastructure projects in communities with populations under 100,000, as well as all rural and northern communities. Our investments in community infrastructure are helping to create jobs, build stronger local economies, and lay the foundation for a stronger, more resilient Ontario for generations to come.” “That’s why our government continues to provide funding, especially during these challenging economic times. “Small, rural and northern communities need stable funding for their unique infrastructure needs and to provide safe and reliable services,” said Kinga Surma, Minister of Infrastructure. If necessary, a community may accumulate its funding for up to five years to address larger infrastructure projects. In 2024, the government will allocate $400 million in OCIF funding to help 425 small, rural and northern communities pay for critical infrastructure projects, including road, bridge, water, and wastewater projects. “This investment of over $10 million will improve infrastructure throughout the municipalities in the region,” MPP Dave Smith said, “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.” The funding is being delivered through the Ontario Community Infrastructure Fund (OCIF) and is part of the government’s plan to support economic growth and job creation.

On Thursday, December 21, 2023, Member of Provincial Parliament for Peterborough-Kawartha announced over $10 million to help renew and rehabilitate critical infrastructure in Peterborough.

Local infrastructure funding will help support economic growth Peterborough-Kawartha

Pickering casino covid