Town of Lincoln Council Information Package 2026-05-29
Niagara Expands Use of Infrastructure Ontario Debt in 2026
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Description
Niagara Region will continue to finance major capital projects through the Infrastructure Ontario lending program in 2026, with planned IO debentures totaling approximately $173.3 million. This includes $79.9 million over 25 years for a new St. Catharines long-term care home and additional loans for roads, wastewater, and municipal infrastructure.
Contract Details
Contract Amount
$173.3 million (2026 IO issuance, including $131.7 million for Niagara Region and $41.6 million for LAMs)
Vendor
INFRASTRUCTURE ONTARIO
Agency
Town of Lincoln, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 29, 2026
Contract Term
Primarily 25–30 year debenture terms (e.g., 25 years for St. Catharines long-term care home); 2026 issuances planned in September
Renewal Info
Region is approaching IO’s sector limit of $693.6 million but continues to access IO financing; existing IO debt, including the long-term care home loan, will amortize over up to 25–30 years.
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