TORONTO — Just ahead of Infrastructure Ontario’s (IO) 20th anniversary, its October Market Update is celebrating 25 projects currently in pre-procurement and active procurement stages, which represents a combined design and construction value of more than $30 billion.
It also includes 20 government-announced initiatives that are in the early planning phase.
Three new projects have been added to the roster. They include the McMichael Canadian Art Collection Capital Redevelopment, the Ontario Emergency Preparedness and Response Headquarters and the Ontario Place Parking Solution.
Major projects reaching substantial completion since June include:
- Eglinton Crosstown West Extension – Advance Tunnel 1 Project
- QEW/Credit River Improvement Project
- West Lincoln Memorial Hospital
Major projects reaching development phase agreements or contract execution feature:
- Garden City Skyway Twinning
- Yonge North Subway Extension – Advance Tunnel
- Eglinton Crosstown West Extension – Stations, Rail and Systems
- William Osler Health System – Peel Memorial Centre for Integrated Health and Wellness Phase 2
Projects moved from pre-procurement to active procurement are:
- Yonge North Subway Extension – Stations, Rail and Systems
- Ministry of the Environment, Conservation and Parks/Ministry of Labour, Immigration, Training and Skills Development’s Science Complex
- Ontario Place Landscape and Public Realm Construction
IO was founded in November 2005 and since that time it has brought to market 146 major projects valued at more than $154 billion with 101 projects completed in the health care, transportation, justice and public works sectors, explains a letter from Angela Clayton, the organization’s president and chief executive officer.
“The progress we’ve made over the past two decades would not have been possible without the strong partnerships we’ve built across the construction industry, collaborations that continue to refine our approach and ensure we deliver lasting value for the people of Ontario,” Clayton writes. “We are proud of all that we have accomplished over the past 20 years. IO continues to evolve with purpose, embracing new opportunities, driving meaningful change and supporting Ontario’s communities. With the same clarity of mission that has guided us for two decades, we are preparing to meet future needs with confidence and care.”
But that’s not to say the organization is facing completely calm waters. Clayton’s letter also outlined the potential impact of tariffs and counter-tariffs on projects.
“In light of the unprecedented challenges and economic uncertainty we are facing, we believe that construction projects can and should play an important role building a stronger and more competitive economy here in Ontario and across Canada,” she states.
“We will continue to abide by the province’s Procurement Restriction Policy that came into effect in March 2025 and are partnering with the government to better leverage domestic supply chains in the execution of our projects. We remain engaged with contractors to explore potential solutions to manage the broader implications of trade and tariff uncertainty and are committed to partnering with the industry to address these challenges and build a more resilient, competitive market environment.”
In a more general outlook, Clayton says while there is still “significant value in the P3 model,” IO has also diversified its range of procurement models in recent years.
“For certain projects, this has meant using collaborative and progressive models, adjusting project sizes and packaging; and evolving our approach as an owner and partner to offer more flexible solutions for the market,” she states. “Projects will continue to be evaluated on various criteria to better manage risks, reduce claims and adapt to current market conditions, ensuring a competitive and fair bidding environment that offers opportunities for a wider range of participants.”
