Lloydminster City Council may have a solution to the lack of adequate funding for the new waste water treatment plant.
The City will potentially partner with the Edmonton Power Corporation to create the Lloydminster Utility Corporation.
At the council meeting at the end of January, it was revealed that the new waste water treatment plant would cost an estimated $94,000,000 and that the project was necessary for Lloydminster as the Saskatchewan Water Security Agency’s requirements are changing by July 2017.
“There’s 2 key strengths that we feel the city of Lloydminster brings to the Utility Corporation. That is, our people, and our utility assets… and looking to set the corporation up for success by engaging a strategic partner in EPCOR to bring financial wherewithal, to meet not only our needs for the wastewater treatment plant, but all of our utility needs coming forward,” explains Deputy CAO Kirk Morrison.
In the 50/50 partnership, EPCOR would provide not only monetary assistance in seeing the project through but also expertise in similar major capital projects.