The new downtown flood reduction project in Peterborough, supported by an $11-million investment from the federal government, will replace an existing storm sewer and help improve water flow and drainage, significantly reducing the impact of extreme weather events for homes and businesses.
“Building safe and resilient communities is one way Canada is preparing for the impacts of climate change. Today’s investment in flood reduction measures in Peterborough will help to prevent costly damage, protect homes, and safeguard businesses in the downtown core. These infrastructure investments also emphasize our commitment to build Canada strong,” said The Honourable Gregor Robertson, Minister of Housing and Infrastructure.
A 2004 storm brought severe rainfall and caused significant flood damage to downtown Peterborough. It disrupted residential living conditions, caused lost income to local businesses, and created financial hardships for affected community members. As part of the City’s strategy to prevent future floods of this magnitude, a 100-year capacity sewer will replace the existing sewer along Charlotte Street from Park Street to Water Street. The project will also improve water flow and drainage from the street, significantly reducing the impact of extreme weather events.
Investing in public infrastructure projects designed to mitigate current and future climate-related risks supports more resilient Canadian communities. Making adaptation investments now will have major economy-wide benefits later. Every dollar that is invested in adapting and preparing for climate-related disasters can return as much as $13 to $15 in benefits.
“This year, the City of Peterborough is marking its 175th anniversary from when it was incorporated as a municipality – a Town at that time. We’re a community built around a river and creeks, with all the opportunities and challenges created by that landscape. Since the 2004 flood, we’ve partnered with the federal government and the province to make significant investments in stormwater management to reduce the risk of flooding. The new underground infrastructure under Charlotte Street will build on that work to help protect the residents and businesses in the central area and our historic downtown. Thank you to the federal government for this much needed support for a critical project,” said Jeff Leal, Mayor, City of Peterborough.