Montreal’s Laurentian Bank has announced its participation in a consortium that will provide financial assistance to N-Viro Systems Canada LP for the purposes of constructing a biosolids management facility in Sudbury, Ontario. The $42-million consortium will also assist in upgrades to the city’s existing wastewater treatment facility.
“Laurentian Bank is proud to be associated with this type of innovative municipal financing project within the framework of a public-private partnership,” said Laurentian senior VP, commercial, Eric Provost. “In addition to representing a first in Ontario, the infrastructure to be installed will enable the City of Greater Sudbury to sustainably and responsibly manage its wastewater.”
The N-Viro-led project is part of the City’s commitment to adopt sustainable practices in managing residual biosolids. Currently, Sudbury operates nine individual wastewater treatment facilities, each of which uses trucks to transport the treated water to be deposited into treatment ponds. The new facility will incorporate technology already in use by N-Viro in Leamington, Thorold, Sarnia, Halifax, Banff and Summerside, and will be operated by the company once construction is completed.