Latest Update Lists 38 Major Projects Valued At $35 Billion
TORONTO: The Ontario government is investing more than $159 billion over the next decade to support infrastructure, including transit, highways, schools, hospitals, and long-term care projects. To build many of them, the government is leveraging Infrastructure Ontario’s (IO) public-private partnership (P3) delivery model and other innovative approaches to help strengthen communities and support economic growth. IO’s latest Market Update, released today, lists 38 major infrastructure projects, with an estimated value of $35 billion (in design and construction costs).
The Market Update is a list of public projects in the pre-procurement and procurement stages for which Ontario has committed investments. The list helps potential local and global private-sector partners organize their time and resources to make sure Ontario gets robust, innovative, and competitive bids for its public infrastructure projects.
“The challenging work being done by the province’s construction sector has been critically important, and our government appreciates and values how partners are working together to help us build Ontario,” said Kinga Surma, Minister of Infrastructure. “Our government is continuing to invest in the delivery of major infrastructure projects that are crucial to this province and that are supported by the hard-working people of Ontario. We continue to engage with key stakeholders to identify solutions to overcome challenges and together we will bring these projects to life to help create great jobs and support our economic future.”
Highlights from the March 2023 IO Market Update include:
• Garden City Skyway Twinning, a new 2.2 km bridge – now in active procurement
• Ottawa Hospital’s New Civic Redevelopment, a new campus that will be one of the largest and most modern teaching hospitals in Canada – now in active procurement
• Ontario Place Site Servicing, to upgrade infrastructure such as sewage, water, electrical and gas services – now in active procurement
In addition, the following projects have advanced to partnership stages:
• Scarborough Subway Extension – Stations, Rail and Systems
• Weeneebayko Area Health Authority – Health Campus.
• Niagara Health’s New South Niagara Hospital Project
“Infrastructure Ontario is pleased to present our first Market Update of 2023,” said Michael Lindsay, CEO, Infrastructure Ontario. “We continue to work with our partners to address challenges in the global marketplace and to build on our momentum to further advance the provincial government’s efforts and historic commitment to modernizing the province’s public assets, including highways, public transit, hospitals, children’s treatment centres, schools and correctional facilities.”
• The current Market Update includes 38 projects in pre-procurement and active procurement, valued at an estimated $35 billion.
• The list also includes 16 projects in early stages of planning, for which scope, timing and delivery model are still being determined.
• The projects in this P3 Market Update are part of the government’s historic investment of more than $159 billion in planned infrastructure over the next 10 years.
