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Ontario releases update on P3 infrastructure projects


October 18, 2021
By Crane & Hoist Canada Staff

Topics

Infrastructure Ontario (IO) has released its third market update for 2021, outlining the status of 38 projects using the public-private partnership (P3) model.

Twenty-three of those projects are in pre-procurement and 15 are in active procurement, totalling an estimated $60 billion in contract value.

The list also includes 13 additional government-announced projects in early stages of planning and determining project scope, timing and delivery model.

The P3 procurement strategy fosters collaboration between the owner and its contracting partner.

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During the early, design phase of the project, both sides work together to define project requirements, including design, pricing and risk, before entering into a final project agreement.

The progressive approach ensures price certainty and helps 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

Read the Infrastructure Ontario Fall 2021 Market Update here.