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IO releases its P3 Market Update valued over $60B

DCN-JOC News Services
IO releases its P3 Market Update valued over $60B

TORONTO — Infrastructure Ontario (IO) recently released its September 2020 P3 market update.

In September 2019, the minister of infrastructure announced a commitment to provide quarterly P3 Market Updates to industry, states a release, adding more frequent updates add to IO’s previous practice of providing this information on an annual basis.

The update details changes in the procurement status of P3 projects in the province and includes 40 projects — 17 civil and 23 social — in procurement or pre-procurement, valued at over $60 billion.

Projects in pre-procurement in transit include the Yonge North Subway Extension, the Scarborough Subway Extension stations, railway systems and the Ontario Line northern civil, stations and tunnel.

In health care, projects include the NHS South Niagara Hospital Capital Project, Hamilton Health Sciences — West Lincoln and Kingston Health Sciences — Kingston General Hospital redevelopments.

Projects in active procurement include a variety of GO expansion projects, advance tunnel works for subway projects, the QEW Credit River Bridge and Grandview Children’s Treatment Centre.

The update also includes projects in planning.

For a full list click here.

“IO’s market update constitutes a challenge and invitation to the best in the industry — big and small, local and international — to team up, partner with IO and successfully deliver high quality investments that benefit the people of Ontario,” states the release.

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