Sherbrooke to pay cash for some projects
Among the City of Sherbrooke’s list of major projects for 2016, it will pay cash for about a dozen of those projects in the amount of $4.3 million. An envelope of $3.2 million will be used exclusively for the maintenance of the roads network and the re-paving of surfaces. “This approach will allow us to invest in our roads network without increasing the debt load of the City of Sherbrooke while respecting our policies towards the management of the city’s debt,” said mayor Bernard Sevigny.
Other projects that will be paid for with cash are: improvements to industrial land ($300,000);deconstruction of buildings in the industrial park and in Lennoxville ($150,000); buying of land ($100,000); a waste management plan ($76,000); the downtown 2020 plan and a study on installing steps between the Halte des Pionniers and the Saint Michel Cathedral ($75,000).