Ontario Construction News staff writer
The province has released its Winter 2020 P3 Market Update, following through on its commitment to increase the frequency of information on infrastructure projects being financed through public/private partnerships.
Last September Laurie Scott, minister of infrastructure, said major market P3 updates will be released in the spring and autumn, detailing new projects to be delivered using the P3 model, as well as revised procurement timelines. Updates on minor projects to come in the winter and summer will not add new projects to the list, but will provide the market with revised procurement timelines and project status updates.
“We know that our private sector partners in the infrastructure industry rely on the P3 Market Update to marshal their resources and organize their teams to deliver projects critical to the lives of people of Ontario,” said Scott. “I look forward to working with them to build new hospitals, roads, courthouses and transit systems.”
The recently released update reflect changes, including:
- Grandview Children’s Treatment Centre has advanced from planning to pre-procurement
- As previously announced, the GO Expansion: Union Station Upgrade – Platform Expansion project now shows the project will be delivered using the ‘Alliance’ model; and,
- There are procurement timeline updates to four projects.
Alliance contracting is a type of P3 model that delivers capital works projects using a collaborative approach between the public sector (the owner) and the private sector parties (non-owner participants). Both parties share risks and responsibilities equally and make unanimous principle-based decisions on key project issues while achieving improved project solutions.
The next update will be released this spring.
“I look forward to the release of the spring 2020 P3 Market Update, which will contain new P3 projects to be delivered across the province,” said Scott.
The Province is deploying the P3 model to fund new infrastructure, including transit, highways, schools and hospitals, faster, improve productivity and help businesses get goods to markets.
Some quick facts updates and the P3 model:
- The P3 Market Update is a list of P3 projects to which Ontario has committed in the coming decade. 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 P3 infrastructure projects
- The 2019 Market Update was the largest commitment to P3 infrastructure in Ontario’s history and included the marquee GTHA transit projects: the Ontario Line subway, 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
- Projects included in the market update will generate thousands of jobs in the skilled trades as well as in engineering, design and finance sectors.