The October 2021 Market Update affirms Ontario’s historic commitment to modernizing the province’s public assets, including hospitals, highways, public transit, children’s treatment centres, courthouses and correctional facilities.
IO’s third Market Update for 2021 includes 38 projects, with 23 projects in pre-procurement and 15 in active procurement, totalling an estimated $60 billion in contract value.
The list also includes 13 additional government-announced projects in early stages of planning and determining the project’s scope, timing and delivery model.
IO continues ongoing productive discussions with the industry as we move forward on this large portfolio of projects and we are pleased to have the opportunity provide the latest information on changes in the procurement status of our projects.
Market Update - October 2021 | Letter from Michael Lindsay, President and Chief Executive Officer