Infrastructure Ontario’s January 2022 Market Update affirms Ontario’s historic commitment to modernizing the province’s public assets, including hospitals, highways, public transit, children’s treatment centres, courthouses and correctional facilities.
IO’s first Market Update for 2022 includes 39 projects; 24 in pre-procurement and 15 in active procurement, totaling an estimated $60 billion in contract value.
“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 list also includes 14 additional government-announced projects in early stages of planning and determining scope, timing and delivery model.
Highlighted changes from the January 2022 P3 Market Update 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.”
Featured image: Work continues on the Eglinton Crosstown West Extension light-rail transit project at the Renforth Dr. tunnel launch site in east Mississauga. (Metrolinx photo)