The City of Brandon is poised to realize substantial savings due to a significant Investment from Canada Infrastructure Bank (CIB) of nearly $43 Million. The city forecasts an annual savings of $1 million, independent of fluctuating interest rates, contributing to an overall estimated saving of $30.6 million.
The City of Brandon has forged a partnership with Canada Infrastructure Bank, Infrastructure Canada, the Province of Manitoba, and our municipal counterpart, Red-Seine-Rat (RSR), focusing on essential water and wastewater infrastructure projects.
Key Developments:
- The Water Treatment Facility Upgrade and Expansion Project in Brandon will enable Manitoba’s second-largest city to provide potable water that meets and exceeds the standards set by provincial regulators.
- The Southwest Brandon Wastewater Servicing Project, which includes the Southwest Lift Station, will expand the coverage of the existing wastewater processing facility to meet the residential and commercial demand in this rapidly growing region of the City. The borrowing for the Southwest Lift Station will be ultimately funded by development charges, ensuring a sustainable financial model.
- The infrastructure investment will enable Brandon to accommodate up to 2,300 new housing units.
CIB’s partnership with Brandon will help provide long term rate stability for City utility ratepayers.
“Not only will this investment modernize our water treatment facility and wastewater systems, but it will also lay the groundwork for sustainable growth in our communities for generations to come,” says Mayor Jeff Fawcett.
CIB is committing a total of $140 million to support five municipalities with water and wastewater infrastructure projects in Manitoba. This partnership marks the inaugural commitments under the CIB’s Infrastructure for Housing Initiative.
