The announcement includes 32 Alternative Finance Projects, including 15 social and 17 civil deals.
Spearheading the proposals are new RFQs for the Ottawa Correctional Complex, Thunder Bay Correctional and the Halton Region Consolidated Courthouse projects. All of these deals will be issued under a design, build, finance and maintain model and will see RFQs issued in the winter of 2018.
The Women and Youth Justice Facilities Redevelopment will also be issued under a build-finance model and issued in the spring.
The OPP Modernization project was issued in January of this year with an RFP following in the summer.
In addition to the anticipated correctional and justice projects, IO will be proceeding with three more deals as part of its RER program.
“In short, this market update is a call to action. It is an 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 Ontarians,” said CEO Ehren Cory.
“While IO’s portfolio of work will be demanding, we remain committed to fairness and our exceptional standard of project due diligence. We will ensure competitiveness within the market and continue to engage partners to understand market capacity to both bid on and build projects successfully.”
This outlook builds on the $19.5bn of AFP projects completed to date and the $15.8 billion of projects currently in construction (as of August 31, 2017).
To view the full list of plans and procurement dates, click here.