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  • News
  • February 23, 2018

Burlington Hospital Receives $145-Million Ontario Green Bond

Joseph Brant Hospital has received funding for an eco-friendly infrastructure project

Ontario’s Green Bond program has invested $145 million to support Joseph Brant Hospital’s eco-friendly expansion project.

The project will improve the quality of life for people across the province and provide faster access to health care, expand crucial services and procedures and, improve the overall experience of patients.

Ontario has successfully issued the largest green bond in Canadian history, raising $1 billion for infrastructure projects in communities across the province. The Green Bond program aims to help reduce greenhouse gas emissions and fight climate change. Green Bonds raise awareness of climate and environmental challenges and allow investors to support green initiatives.

Building eco-friendly infrastructure is part of Ontario’s plan to create fairness and opportunity during this period of rapid economic change. The plan includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care and free prescription drugs for everyone under 25 through the biggest expansion of medicare in a generation.

QUOTES

“Ontario is proud to be a leader in environmental sustainability, as the first province in Canada to develop and issue Green Bonds. Promoting the largest Canadian green bond in the marketplace will raise $1 billion to fund and create more jobs, spur economic growth and combat climate change.”

— Charles Sousa, Minister of Finance

“As the MPP for Burlington, I am pleased that our government is supporting our community hospital through a $145-million Green Bond. This facilitates the infrastructure investments necessary to better serve Burlington residents and surrounding areas. I am proud of Joseph Brant Hospital for taking a leadership role when it comes to environmentally sustainable infrastructure.”

— Eleanor McMahon, MPP for Burlington

QUICK FACTS

  • In 2014, Ontario became the first province in Canada to develop and sell green bonds, encouraging investment in environmentally friendly projects and attracting new investors.
  • On January 25, 2018, Ontario successfully priced a $1-billion bond with a maturity date of February 5, 2025.
  • Ontario is the largest issuer of Canadian dollar green bonds with four outstanding green issues totalling $3.05 billion.
  • Ontario’s Green Bond program supports the largest investment in hospitals, schools, public transit, roads and bridges in the province’s history. To learn more about what’s happening in your community, go to Ontario.ca/BuildON

LEARN MORE

Ontario’s Green Bonds

Joseph Brant Hospital’s redevelopment and expansion project

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