12/21/2007

The Province of Ontario released details about the Municipal Infrastructure Investment Initiative (MIII), a $300M program announced in the Fall Economic Update.
Background:

On December 13, 2007 Finance Minister Dwight Duncan announced investments in municipal infrastructure priorities to the Ontario legislature. The announcement included a $500M investment in public transit and a $300M investment into other municipal infrastructure priorities.

Today, the Government, through Infrastructure Ontario, sent letters to Ontario municipalities announcing the $300M Municipal Infrastructure Investment Initiative. The program is open to municipalities of all sizes and capital investments in all classes of municipal infrastructure are eligible with the exception of public transit, which will be funded through the $500M transit program and the ongoing Ontario Gas Tax allocation. Projects must be construction-ready. MIII may fund up to 100 per cent of eligible project costs and does not require a matching municipal contribution. 

The competitive MIII program will be open for applications on January 11, 2008, closing on February 15, 2008. Applications must be endorsed by council. All applications will be evaluated against a list of criteria to be described in the program guidelines. Funding announcements are to be made by March 31, 2008. 

Action:

A communication from Infrastructure Ontario containing more information about the program and how to submit an application will be sent to eligible municipalities when the application process is open in the new year.