Ontario Construction News staff writer
The Ontario government says it has committed to 32 projects, worth more than $65 billion, representing what it says is the largest commitment to P3 infrastructure in the province’s history.
Infrastructure Minister Laurie Scott released the 2019 Ontario P3 Market Update (also known as the P3 “Pipeline”) on Tuesday. The list includes infrastructure investments in civil, healthcare and community safety across the province.
“Our government has revealed a robust and diverse pipeline of projects that will improve, repair and build Ontario’s infrastructure,” Scott said in a statement. “Infrastructure is the backbone of our communities and these investments are critical to the future economic strength of this province. Our P3 model is recognized around the world for delivering projects on time and on budget and we look forward to working with new local and international partners to complete this historic pipeline of public infrastructure.”
Projects in the pipeline include Greater Toronto and Hamilton Area (GTHA) transit projects announced by the government earlier this year, including the Ontario Line subway, GO Transit expansion projects, the Scarborough Subway Extension (an extension of the TTC Line 2), the Yonge North Subway Extension (an extension of the TTC Line 1) and the westward extension of the Eglinton Crosstown LRT.
Overall the list includes 13 civil (such as transit, subways, highways), 16 healthcare and three community safety projects.
Scott also said that going forward Ontario will increase the frequency of Market Updates. Major updates in the spring and autumn will highlight new projects on the list as well as any changes to procurement timelines and delivery models. Minor updates in the summer and winter will show changes to procurement timelines only.
“Infrastructure Ontario (IO) is pleased to see the 2019 P3 Market Update released to our industry partners, so they can plan and dedicate the appropriate resources to future projects,” said IO president and CEO Ehren Cory. “Providing more information, on a consistent basis, to our prospective partners will promote stability and transparency in Ontario’s P3 market and ensure we remain global P3 leaders. We look forward to delivering the critical infrastructure projects on the 2019 P3 Market Update on behalf of the government.”
Earlier this year, the government announced new measures to attract more interest from international firms who are looking to participate in Ontario’s P3 market. Broadening the procurement process to more bidders will increase competition, drive innovation and get the best value for the people.
The 2019 P3 Market Update is an important signal and invitation to industry – big and small, local and international – to partner with government to successfully deliver high quality investments that will benefit all communities across the province, the provincial statement said.