Clearford Water Systems announced Tuesday its funding agreement with Signina Capital AG has been extended for another two years.
© Supplied photo
Kevin Loiselle, Clearford's CEO.
‚ÄúWe are pleased to report another milestone in the transition of the company into growth,‚ÄĚ Clearford CEO Kevin Loiselle said in a statement.
Signina, a Swiss firm with a focus on water-related infrastructure, will fund the capital costs of installing Clearford‚Äôs wastewater collection and treatment systems in municipalities across the province.
Since the middle of last year, Clearford has developed a project pipeline with a $40-million cap value. It said it has received ‚Äúexpressions of interest‚ÄĚ that would exceed the original $100-million funding agreement.
The additional funding announced Tuesday will help accommodate the demand, Clearford said.