Recommended procurement strategy for George Street Revitalization in Toronto
The Deputy City Manager, Cluster A, and the Deputy City Manager and Chief Financial Officer of Toronto (Ontario, Canada) have recommended Toronto City Council to proceed with an Alternative Financing and Procurement (AFP) model for the implementation of the George Street Revitalization project using a Design-Build-Finance approach.
Back in 2015, City hired Ernst and Young Orenda Corporate Finance Inc. (EY) to analyze the implementation of the PPP model and carry out a Value for Money analysis. The company recommended the Design-Build-Finance (DBF) procurement and delivery model.
Infrastructure Ontario (IO) will act as a commercial procurement lead for the Alternative Financing and Procurement approach.
The cost of the Design-Build-Finance procurement method is estimated at CAD498.8 million (US$382 million).
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June 23, 2016
RfPs released for Groves Memorial Community Hospital P3 Project in Ontario
Infrastructure Ontario (IO) and Groves Memorial Community Hospital have released a request for proposals (RFP) to develope a new hospital in Aboyne, between Elora and Fergus. The new hospital will replace the existing Groves Memorial Community Hospital in Fergus.
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June 20, 2016
Prequalified companies Invited to bid on Mount Sinai Hospital Redevelopment Project
Infrastructure Ontario and Sinai Health System has invited four companies to compete for the contract to build and finance Sinai Health System’s redevelopment P3 project at Mount Sinai Hospital in Toronto, Canada. Read more -
June 20, 2016
New Brunswick to seek PPP partner for nursing homes
New Brunswick is seeking a developer to build a new nursing home under P3 agreement. The new project aims to replace the two deteriorating ones in Miramichi, in the Canadian province. Read more -
June 17, 2016
Concert infrastructure acquires Carillion´s 50 interest in social P3 in Toronto
Concert Infrastructure has acquired Carillion’s 50% interest in the Forensic Services and Coroner’s Complex (FSCC) in Toronto, Ontario, and specifically the project company CSS (FSCC) Partnership. Having previously held a 50% interest in the project, Concert Infrastructure now wholly owns the project company. Read more -
June 10, 2016
Town in Ontario considers P3 for bridge project
Kingston, a city in Eastern Ontario, Canada, has recently announced that i is considering the construction of a bridge over the Cataraqui River on a public-private partnership basis. Read more
