The new downtown flood reduction project in Peterborough, supported by an $11-million investment from the federal government, will replace an existing storm sewer and help improve water flow and drainage, significantly reducing the impact of extreme weather events for homes and businesses.
A 2004 storm brought severe rainfall and caused significant flood damage to downtown Peterborough. It disrupted residential living conditions, caused lost income to local businesses, and created financial hardships for affected community members. As part of the City's strategy to prevent future floods of this magnitude, a 100-year capacity sewer will replace the existing sewer along Charlotte Street from Park Street to Water Street. The project will also improve water flow and drainage from the street, significantly reducing the impact of extreme weather events.
Investing in public infrastructure projects designed to mitigate current and future climate-related risks supports more resilient Canadian communities. Making adaptation investments now will have major economy-wide benefits later. Every dollar that is invested in adapting and preparing for climate-related disasters can return as much as $13 to $15 in benefits.
