In September of 2019, the Minister of Infrastructure announced a commitment to increase the frequency of P3 Market Updates from annually to four times a year. The April 2021 Market Update confirms the value of IO’s Updates in enabling industry to plan the best possible bids to deliver important public assets. These Updates are 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.
Our April 2021 Market Update reaffirms the projects detailed in the December 2020 Update and the recent Ontario Budget, including some added detail to some projects’ procurement schedules. IO’s first Market Update for 2021 includes 41 projects, with 27 projects in pre-procurement and 14 in active procurement totalling an estimated $60 billion in contract value.
The list also includes 12 additional government-announced projects in early stages of planning and determining the project’s scope, timing and delivery model. IO looks forward to sharing our programmatic developments while we continue to work with ministries and other broader public sector partners to help deliver vital infrastructure – smarter, better and faster than traditional methods.
Click below for details on the April 2021 Market Update, and please read a letter from IO’s Michael Lindsay, President and CEO, signalling to our partners that there is much more work to come.
Market Update – April 2021 | Letter from Michael Lindsay, President and Chief Executive Officer