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City invests $250M in Toronto Hydro, offsets infrastructure renewal

Posted on June 29, 2017
Toronto Hydro Corporation has received an equity investment of $250 million from the City of Toronto and has issued to the city an additional 200 common shares. The investment is, in part, is to offset the costs Toronto Hydro’s infrastructure renewal projects. The book value of shareholder equity in the consolidated financial statements of Toronto Hydro as at March 31, 2017 was $1,462.2 million. "As we continue to invest heavily in renewing Toronto Hydro's aging infrastructure to address safety, reliability and customer service requirements [...]

Oakville approves $54M plan for hospital site redevelopment

Posted on June 29, 2017
Oakville, Ontario’s Town Council has endorsed a site master plan for the redevelopment of the former Oakville-Trafalgar Memorial Hospital, a $54 million-dollar project. “It is important for Council that our plan for the hospital lands reflect the needs and wishes of local residents,” said Oakville Mayor, Rob Burton. “We appreciate the thoughtful insight provided by community members throughout this consultation process, which has helped staff draft a plan that Council can fully support.” A financial overview of the project received by Town [...]

Burlington releases details of legal contest of airport site expansion

Posted on June 29, 2017
Yesterday, Burlington City Council approved the public release of information related to litigation between the City of Burlington and the Burlington Executive Airport, concerning fill deposited at the airpark and the site expansion. The city notes that between 2008 and 2014, large amounts of fill were brought to the airpark site, which raised objections among residents over concerns about the site’s expansion. The airport’s officials had stated that the fill would be used to raise and level a large segment of land for the site’s expansion. In [...]

Hydro Ottawa invests more than $100M in infrastructure

Posted on June 28, 2017
Today, Hydro Ottawa Holding Inc. today released its 2016 Annual Report, which highlights that the utility invested over $100 million in replacement and expanded infrastructure. Board Chair, Jim Durrell, C.M., and President and Chief Executive Officer, Bryce Conrad, presented the company's 2016 results today before Ottawa City Council. "The essence of Hydro Ottawa's business strategy is to put the customer at the centre of everything we do. We've had the best reliability record in five years thanks to our capital investment program to address aging infrastructure [...]

Stakeholders reach $48 million agreement over Gordie Howe Bridge

Posted on June 27, 2017
On June 23rd, the City of Detroit and the Delray Community Advisory Group (CAG) announced that they reached an agreement with the State of Michigan and the Windsor-Detroit Bridge Authority (WDBA) to sell 36 city-owned parcels of land, underground assets, and approximately 8 kilometres of city-owned streets as part of a series of landmark agreements totaling $48 million in development of the Gordie Howe International Bridge. The agreements remain subject to approval by Detroit City Council and other agencies, but thus far, the stakeholders, including community [...]

Metrolinx releases agenda ahead of board meeting

Posted on June 26, 2017
Metrolinx has released its agenda for the meeting of its board of directors on Wednesday, June 28th, 2017. In its report to the board, the Capital Projects Group (CPG) is advancing its growing program projects, including the Regional Express Rail (RER) program, the Eglinton Crosstown Light Rail Transit (LRT), Finch West LRT, Hurontario LRT, Hamilton LRT and Bus Rapid Transit. CPG describes its progress in advancing various of its projects, such as moving forward: RER works using the Alternative Financing and Procurement (AFP) model with the assistance [...]

Hamilton, Ont., receives more than $30M for water infrastructure

Posted on June 26, 2017
Hamilton receives more than $30 million in federal and provincial funding for water infrastructure projects. Bob Bratina, Member of Parliament for Hamilton East—Stoney Creek, Ted McMeekin, Ontario Member of Provincial Parliament for Ancaster—Dundas—Flamborough—Westdale, and Fred Eisenberger, Mayor of the City of Hamilton, have announced that 16 new projects in Hamilton have been approved under the Government of Canada's Clean Water and Wastewater Fund. “I'm proud to be back home in Hamilton today to announce funding that will go a long [...]

Brampton, Ont., launches Asset Management Training and Innovation Centre

Posted on June 26, 2017
On June 7, the City of Brampton formally launched the first ever Asset Management Training and Innovation Centre in Canada. Endorsed by the internationally recognized Institute of Asset Management (IAM), Brampton City Hall is now an IAM-approved training and exam venue. The certification courses offered will advance the science and practice of asset management, which is critical for all municipalities nation-wide. "We are thinking bigger and moving forward—our corporate asset management plan is just one example. With the launch of the City's Asset Management [...]

$333 million from Feds to Finch West LRT

Posted on June 26, 2017
On Friday, Bill Morneau, Minister of Finance and Member of Parliament for Toronto Centre and  Steven Del Duca, Ontario Minister of Transportation, announced up to $333 million in federal funding for the Finch West Light Rail Transit (LRT) project. The Finch West LRT  amounts to a $1.2 billion investment from the Government of Ontario into the City of Toronto’s transit infrastructure. “The governments of Canada and Ontario are working together with municipalities to invest in important public transit infrastructure projects like the Finch [...]

IO releases shortlist for phase two of OPP Modernization project

Posted on June 23, 2017
Yesterday, Infrastructure Ontario (IO) and the Ministry of Community Safety and Correctional Services (MCSCS) announced the shortlist of three teams to design, build, and finance nine new detachments for phase two of the Ontario Provincial Police (OPP) Modernization project. Following a request for qualifications process that began in January 2017, the companies below were shortlisted. The shortlist was selected on the basis of design and construction experience, personnel qualifications, and financial capacity with respect to the scope and complexity [...]
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