Ontario Construction News staff writer
The Ontario government released its quarterly P3 Market Update last week, highlighting 39 major infrastructure projects with an estimated value of $60 billion.
“The market needs certainty and these P3 quarterly updates provide just that,” said Kinga Surma, minister of infrastructure. “The pandemic has presented us with many challenges, but our government has continued to move forward with building and supporting important infrastructure projects to ensure the health and safety of all Ontarians, while also creating new jobs and supporting our economic future.”
The P3 update is a list of infrastructure projects that use the public-private partnership (P3) model in the pre-procurement and procurement stages for which Ontario has committed investments.
Highlights include:
- Yonge North Subway Extension – Project now broken up into two packages: 1) Advanced Tunnel and 2) Stations, Rail and Systems – both in pre-procurement.
- Eglinton Crosstown West Extension – Advanced Tunnel (Jane to Mt. Dennis) – Project now broken up into two packages: 1) Advanced Tunnel (Jane to Mt. Dennis) in active Procurement and 2) Stations, Rail and Systems in pre-procurement.
- Bradford Bypass – Now in planning.
“Ontario’s capital plan represents a historic investment in the expansion and improvement of our health care system and transit/broadband networks,” said Michael Lindsay, president & CEO of Infrastructure Ontario.
“Infrastructure Ontario looks forward to bringing at least 11 projects to market in 2022, with a further 11 projects proceeding beginning construction by year’s end.”