The project includes construction of a centralised wastewater sludge treatment and biosolids end-product storage facility at the current wastewater treatment plant.
A private sector partner will design, build, finance, operate and maintain the facility over the term of the operating contract.
"The city of Greater Sudbury gratefully acknowledges the government of Canada for presenting an option to municipalities that effectively addresses the gap between a limited local tax base and the need to invest in aging infrastructure," said Sudbury Mayor Marianne Matichuk.