Ontario Construction News staff writer
Infrastructure Ontario (IO) has released its October 2025 Market Update, outlining more than $30 billion in major infrastructure projects across the province and marking a milestone as the organization approaches its 20th anniversary.
“I’m pleased to share Infrastructure Ontario’s October 2025 Market Update, which arrives just ahead of our organization’s 20th anniversary,” wrote IO president and CEO Angela Clayton in a letter accompanying the update. “Since our founding in November 2005, IO has been focused on delivering large and complex infrastructure projects to improve public service to communities across Ontario.”
The update includes 25 projects in pre-procurement and active procurement, with an estimated design and construction value exceeding $30 billion, and an additional 20 government-announced projects in the early stages of planning. These initiatives are part of the Ontario government’s historic $200-billion capital plan, described as the most ambitious infrastructure investment in the province’s history.
“Over the past two decades, IO has brought to market 146 major projects valued at more than $154 billion, with 101 projects completed in the healthcare, transportation, justice and public works sectors,” Clayton said. “The progress we’ve made over the past two decades would not have been possible without the strong partnerships we’ve built across the construction industry.”
Three new projects were added in this update: the McMichael Canadian Art Collection Capital Redevelopment, the Ontario Emergency Preparedness and Response Headquarters, and the Ontario Place Parking Solution. Since the June 2025 update, four projects have advanced to the development phase agreement or contract execution and moved to construction.
IO continues to monitor trade and tariff issues affecting construction costs. “We continue to monitor the impact of tariffs and counter-tariffs on our projects and greatly appreciate the input and feedback we have received from our industry partners,” Clayton wrote. “In light of the unprecedented challenges and economic uncertainty we are facing, we believe that construction projects can and should play an important role in building a stronger and more competitive economy here in Ontario and across Canada.”
She added that IO “will continue to abide by the Province’s Procurement Restriction Policy that came into effect in March 2025” and is partnering with government to “better leverage domestic supply chains in the execution of our projects.”
On procurement strategy, Clayton reaffirmed IO’s commitment to value-driven delivery models. “IO continues to see significant value in the P3 model and will use it where possible,” she said. “At the same time, we have also diversified our range of procurement models in recent years as part of a broader strategy to continue to deliver taxpayer value and services for Ontarians.”
This includes using collaborative and progressive models, adjusting project sizes and packaging, and evolving IO’s approach as an owner and partner to “offer more flexible solutions for the market.” Each project, she said, will continue to be evaluated to “better manage risks, reduce claims and adapt to current market conditions.”
As the agency marks two decades of operations, Clayton said IO remains focused on its mission. “We are proud of all that we have accomplished over the past 20 years,” she wrote. “IO continues to evolve with purpose, embracing new opportunities, driving meaningful change and supporting Ontario’s communities. With the same clarity of mission that has guided us for two decades, we are preparing to meet future needs with confidence and care.”