Ontario’s Fall P3 market update supports economic growth and job creation

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Ontario Construction News staff writer

Hospitals, long-term care facilities, broadband, and transit projects are included in Ontario’s latest P3 market update released Oct. 14. The province highlights 38 major infrastructure projects.

The Fall 2021 P3 Market Update includes a total of 13 projects in planning, 23 in pre-procurement and 15 in active procurement, valued at an estimated $60 billion in contract value.

Last week Infrastructure Ontario issued the RFQ for the Trillium Health Partners broader redevelopment – Queensway Health Centre. Also, the new South Niagara Hospital RFP will be issued shortly and the Kingston General Hospital redevelopment project is targeting a spring 2022 RFP.

Also, the Hamilton Health Sciences West Lincoln Memorial Hospital is on track for contract execution in spring 2022.

“Our government remains committed to sharing the P3 Market Update on a quarterly basis, demonstrating our commitment to protecting people’s health and creating new jobs by investing in key infrastructure projects,” said Kinga Surma, minister of infrastructure.

“These infrastructure investments in health care, highways, new public transit options and other community projects help improve our quality of life and contribute to economic growth in communities across the province.”

IO is using a new, ‘Progressive P3’ procurement strategy to enable certain upcoming projects. During the early, design phase of the projects, both sides work together to define project requirements, including design, pricing and risk, before entering into a final Project Agreement. The progressive approach provides many benefits for government and taxpayers, including enabling price certainty and helping to lower financial risks for all parties.

Highlights from the latest P3 Market Update include:

  • Unity Health – St. Joseph’s Health Centre Redevelopment is new to pre-procurement
  • Kingston Health Sciences Centre – Kingston General Hospital Redevelopment moved to active procurement
  • Trillium Health Partners Broader Redevelopment – Queensway Health Centre moved to active procurement
  • Scarborough Subway – Stations, Rail and Systems moved to active procurement

“IO is recognized around the world for its success in delivering projects through its made-in-Ontario P3 program,” said Michael Lindsay, President & CEO of Infrastructure Ontario. “It has earned that reputation by adapting and expanding on its approaches to suit the realities of a changing marketplace and the expanding and evolving infrastructure needs of government.

The projects in the Fall 2021 P3 Market Update are part of the government’s total $145.4 billion in planned infrastructure investments over the next 10 years.

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