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Building Ontario Fund capitalization increased and responsibilities expanded

Augmentation de la capitalisation du Fonds de développement de l'Ontario et élargissement des responsabilités

ReNew Canada May 16, 2025 3 min read
Nenew Canada
Building Ontario Fund capitalization increased and responsibilities expanded
AI Article Summary

The Ontario government has increased the Building Ontario Fund's capital allocation from $3 billion to $8 billion and expanded its responsibilities by integrating the Indigenous Opportunities Financing Program. The IOFP's loan guarantee amount has been tripled to $3 billion, now covering sectors beyond electricity, such as energy, pipelines, and resource development. This expansion aims to boost infrastructure investment across Ontario, promoting economic growth and involving Indigenous partners in various transformative projects.