The investment is expected to expand access to safe drinking water and capacity for the treatment of wastewater for up to 20 years in the Township of Mapleton.
François-Philippe Champagne, Canada’s minister of infrastructure and communities, made the following statement on CIB’s announcement.
“We welcome the announcement by the Canada Infrastructure Bank to invest up to $20 million to expand and upgrade the Township of Mapleton’s clean water and wastewater treatment systems.
This investment reflects our government’s priority to invest in modern, green, and resilient public infrastructure that results in cleaner, safer water, and healthier, more livable communities for Canadians. This project will increase access to clean drinking water for Mapleton residents and improve the township’s capacity to treat wastewater to a higher standard, which helps safeguard the health of Mapleton residents and protect the lakes, rivers, and natural environments that they all enjoy.
This investment is the bank’s first initiative that pilots how the bank can support smaller, transformative projects to potentially attract private capital and to advance the new partnership model. By leveraging the capital and expertise of the private sector, the bank enables more infrastructure to be built, contributes to Canada’s long-term economic growth and supports the creation of good, well-paying jobs for the middle class.”