Ontario Working Toward Economic Recovery, Job Creation through Planned Major Infrastructure Projects
The Ontario government released the latest P3 Market Update today which highlights 38 major infrastructure projects taking place across the province using the public-private partnerships (P3) model and valued at an estimated $60 billion.
The P3 Market Update, released four times a year, is a list of public projects in the pre-procurement and procurement stages for which Ontario has committed investments. 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.
Highlights from the latest P3 Market Update include:
- The Hamilton LRT was added to Projects in Planning
- The MECP Science Complex was added to Projects in Planning
- Brampton Courthouse Addition Phase 2 & Toronto Region Bail Centre is now in the construction stage, following financial close earlier this month
- Advance Tunnel for Scarborough Subway Extension and Advance Tunnel for Eglinton Crosstown West Extension are now in the construction stage, following financial close earlier this month.
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