The Regional Municipality of Niagara Corporate Services Committee Final Agenda 2026-05-13
Region Plans $173M in 2026 IO Borrowing
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Description
Niagara Region and partner municipalities plan to borrow about $173.3 million through Infrastructure Ontario’s lending program in 2026, including $79.9 million to finance the new St. Catharines long term care home. The IO loans will carry terms of up to 30 years, with the LTC debt aligned to a 25-year provincial subsidy.
Contract Details
Contract Amount
$173,327,522 (2026 IO debenture issuances, including $79,883,688 for LTC home)
Vendor
INFRASTRUCTURE ONTARIO (IO)
Agency
Regional Municipality of Niagara, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Debentures up to 30-year terms; example noted is 25-year financing for the St. Catharines long term care home
Renewal Info
The Region is approaching IO’s sector limit of $693.6 million, limiting future borrowing capacity; existing IO loans amortize over various terms up to 30 years with no specific renewal options described.
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The Regional Municipality of Niagara Corporate Services Committee Final Agenda 2026-05-13
The Regional Municipality of Niagara Corporate Services Committee Final Agenda 2026-05-13
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