{"id":23807,"date":"2023-12-09T14:24:19","date_gmt":"2023-12-09T22:24:19","guid":{"rendered":"https:\/\/essential.construction\/news\/infrastructure-ontario-outlines-billions-in-capital-plans\/"},"modified":"2023-12-09T14:24:22","modified_gmt":"2023-12-09T22:24:22","slug":"infrastructure-ontario-outlines-billions-in-capital-plans","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/infrastructure-ontario-outlines-billions-in-capital-plans\/","title":{"rendered":"Infrastructure Ontario outlines billions in capital plans"},"content":{"rendered":"

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<\/a>More than $35 billion in projects are in Infrastructure Ontario\u2019s pre-procurement and active procurement stages, reported the organization during its most recent market update, presented from Toronto\u2019s Empire Club of Canada on December 5.<\/p>\n

Another 20 government-announced projects are also in initial stages of planning, with scope, timing and delivery model still being determined, explained Ontario\u2019s Minister of Infrastructure Kinga Surma and Infrastructure Ontario\u2019s president and chief executive officer Michael Lindsay.<\/p>\n

\u201cSince the last market update in March, three projects in infrastructure Ontario\u2019s pipeline have advanced to construction,\u201d stated Surma. That list includes a widening of Highway 3 to four lanes in Essex County, site preparation to rebuild Ontario Place, and construction at Children\u2019s Hospital of Eastern Ontario (CHEO), which will become a single state-of-the-art purpose-built site.<\/p>\n

\u201cSince the inception of its public private partnership program almost 20 years ago, Infrastructure Ontario has brought 80 projects to substantial completion as of March 2023,\u201d she stated.<\/p>\n

\u201cWe have successfully, since the inception of Infrastructure Ontario, delivered 80 projects to substantial completion,\u201d added Lindsay. \u201cThirty of those projects have reached substantial completion since 2020. We have collectively, together, delivered 11 healthcare facilities, six justice facilities \u2026 and 10 major transit and transportation projects.\u201d<\/p>\n

\u201cInfrastructure is the backbone of a strong and healthy economy. It is essential to the quality of life of all Ontarians both today and in the future,\u201d explained Surma.<\/p>\n

The province has outlined plans to spend $185 billion over the next decade, including some $20 billion between 2023 and 2024, to build schools, hospitals, long-term care homes, roads, highways and public transit.<\/p>\n

\u201cWe are undergoing the largest transit expansion in Canadian history,\u201d she said as she summarized the province\u2019s plans to grow public transit by expanding Toronto\u2019s subway network by 50 per cent and adding to its commuter and light-rail lines. \u201cWe\u2019re also building vibrant, complete, mixed-use communities around GO Transit, light rail transit and subway stations across the GTA,\u201d she added.<\/p>\n

The December Market Update<\/a> can be viewed on Infrastructure Ontario\u2019s website.<\/p>\n

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www.infrastructureontario.ca<\/a><\/p>\n<\/p><\/div>\n