Saskatchewan Infrastructure Growth Initiative (SIGI)

Latest News:

• Deadline - The application deadline for the 2010-11 fiscal year is September 30, 2009.
• Important changes to the SIGI Program:  Recent changes to the SIGI Program will improve how the interest subsidy grant is made.
  • The interest rate will now be established on a project, rather than program, basis.  Municipalities that borrow from Municipal Financing Corporation of Saskatchewan (MFC) will receive an interest rate subsidy equal to the rate in which they borrrow.  Municipalities that borrow from private institutions will receive an interest rate subsidy based on the MFC rate for a similar term as their loan agreement, as of the date the municipality and financial institution agree in writing on a rate.
  • The interest rate subsidy grant may be made for up to five full years, rather than five fiscal years.

The Ministry of Municipal Affairs (MA), in consultation with the Saskatchewan Municipal Board (SMB), the Municipal Financing Corporation of Saskatchewan (MFC) and the municipal sector, developed the criteria and application form for the Saskatchewan Infrastructure Growth Initiative (SIGI).

This program will provide municipalities with interest rate subsidies for up to five years on $300 million of municipal borrowing.  The borrowing is spread over four years (2008-09 to 2011-12) at $75 million per year.  The initiative is a key component of the government's growth agenda, as it will serve to provide another option to fund municipal infrastructure related to lot development.

The application deadline for the 2010-11 approvals is September 30, 2009.  The following table provides details on past and future deadlines:

*Planning, surveying and engineering costs associated with the project are eligible regardless of the date.

The application guide and forms required to submit an application to the SIGI program are available below. 

The Ministry of Municipal Affairs looks forward to working with your municipality in building its lot infrastructure to ensure that our province fosters and manages residential, commercial and industrial growth in an effective and sustainable way.

For further information, please contact:

Ministry of Municipal Affairs
Grants Administration and Financial Management
410 - 1855 Victoria Avenue
REGINA, SK S4P 3T2

Program Advisor: Shelly Toniello
Telephone:  (306) 787-0270
Fax:  (306) 787-3641
E-mail: sigi@gov.sk.ca