Ontario Construction News staff writer
The Ontario government released the April 2021 P3 Market Update last Thursday, highlighting 41 major infrastructure projects across the province using the public-private partnership (P3) model.
The P3 Market Update, released quarterly, 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,” the government said in a statement.
The update includes 41 projects in planning – 27 in pre-procurement and 14 in active procurement, totalling an estimated $60 billion in contract value.
The December 2020 Market Update outlined investments valued at more than $60 billion in large, complex P3 projects across Ontario.
“The P3 Market Update demonstrates our government’s continuing commitment to protecting people’s health and economy by investing in key infrastructure projects that contribute to growth, support community improvements and protect and create local jobs,” said Laurie Scott, minister of infrastructure.
“These infrastructure investments in health care, highways and other community safety projects, especially those included in this Market Update, help to protect the economy, contributing to its renewal and long-term recovery.”
Spring projects include:
- Thunder Bay Correctional Facility RFP was issued April 1.
- Children’s Hospital of Eastern Ontario (CHEO) Integrated Treatment Centre is added as a project in pre-procurement.
- Collingwood General and Marine – Hospital Redevelopment/Replacement is added in pre-procurement.
- Hotel-Dieu Grace Healthcare – Mental Health Inpatient Bed Expansion is new to pre-procurement.
- Niagara Health – New South Niagara Hospital Project moved to active procurement.
“The update we are presenting today marks a significant step forward as we broaden the type of planning information we share with industry,” said Michael Lindsay, president and CEO of Infrastructure Ontario. “As the market changes and government project needs evolve, so must we. We have been listening closely to the ideas and concerns of our industry partners and will continue to do so at all levels of our organization.”
Many of the P3 projects are outlined in the 2021 Budget, Ontario’s Action Plan: Protecting People’s Health and Our Economy.
To find out more about projects in your community, visit the Ontario Builds map.