May 11, 2021
CCPPP Welcomes Historic Investments to Help Build Ontario’s Transformational Transit Network
The Canadian Council for Public-Private Partnerships (CCPPP) welcomes the agreement announced today between the Government of Canada and Province of Ontario to help fund the transformational $28.5-billion expansion to Ontario’s transit network.
“As we work to successfully re-emerge socially and economically from the pandemic, these four projects will create thousands of much-needed jobs in the region, transform our communities and knit the Greater Toronto and Hamilton Area closer together,” said Mark Romoff, President and CEO of CCPPP
“This agreement is a tremendous accomplishment and a testament to the hard work and cooperation forged between Ontario Transportation Minister Caroline Mulroney
and federal Infrastructure and Communities Minister Catherine McKenna
. The Council and its members look forward to continuing to work with both governments to help deliver these high priority projects.”
The agreement will see the federal government provide $10.7 billion towards the Ontario Line, Yonge North Subway Extension, the Scarborough Subway Extension and the Eglinton Crosstown West Extension. The Ontario government has already made a commitment of nearly $17 billion. The projects are expected to create more than 16,000 jobs during the construction period.
Components of the projects, which are currently in procurement, are being delivered via Metrolinx and Infrastructure Ontario using the globally recognized ‘made in Canada’ public-private partnership (P3) model.
Canada has close to 300 active P3 projects, including those now operational or under construction, worth more than $140 billion. P3s have been used to successfully build much needed infrastructure from schools, hospitals and highways to sports and cultural venues, public transit systems and a high-speed fibre optic telecommunications network in Canada’s North.