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A challenging build

Posted on April 6, 2017
How do we integrate tomorrow's infrastructure on the foundation of what we have today? That question was the focus of a panel of experts at GLOBE Capital, the two-day forum focused on answering questions on how to finance the 21st century. In the building sector, we are seeing the rapid evolution from focusing on automation and integration, to data and connectivity, to digital building. Changing the technology focus, in theory, three times in a decade, causes a challenge in building technology infrastructure that, when upgrades are needed, is not cost-prohibitive [...]

The opportunity is what's exciting

Posted on April 4, 2017
Minister of Environment and Climate Change Catherine McKenna was excited. Speaking to a room full of infrastructure, finance, and cleantech professionals from across Canada at GLOBE Capital in Toronto, McKenna was enthusiastic as she shifted her talk from the risks of climate change to the opportunity that it presents. She had opened the discussion by quoting a colleague who had provided the dark reality that climate change presents, referring to it as "a clear and present danger." That reality has started to settle in, and the result is that there is now [...]

Site C's Turbine and Generator Contractor Has Mobilized to the Site

Posted on April 4, 2017
Yesterday, BC Hydro’s Site C project reached a milestone as the turbines and generators contractor, Voith Hydro Canada, mobilized to the construction site. Voit, which was awarded the $470-million contract in March 2016, will design, supply, and install six vertical axis, Francis-style turbines, six generators, and associated equipment for Site C. “This is another important step forward for the Site C project,” said Mike Bernier, MLA for Peace River South. “The turbines and generators are a critical component of this project as they’ll generate [...]

Power sector infrastructure megaprojects run over time, budget: Report

Posted on April 3, 2017
According to a new EY report, Spotlight on Canadian power and utility megaprojects, Canadian infrastructure megaprojects run 39 per cent over budget and behind schedule by 12 months on average. “Canadian power and utilities companies need to act now to start to transform the way they control investment in megaprojects at the local and national levels,” says Gerard McInnis, EY’s Canadian power and utilities leader. “If Canada’s going to meet future demand for electricity capacity, the sector will need to significantly invest in power plants, as [...]

Kipling station to become transit hub

Posted on April 3, 2017
The Government on Ontario, alongside officials from the City of Mississauga, TTC, and Metrolinx, have announced a plan to redevelop Kipling Station into a major transit station that integrates subway, regional rail, and inter-regional bus services into a single hub. The redevelopment includes the area around the Kipling GO Station and the TTC's Kipling subway station. The station will integrate the subway, GO train, and local and regional bus services, including GO, TTC, and MiWay services, into a single mobility hub through a new inter-regional bus terminal. These [...]

Federal government commits $1.8 billion to Regional Express Rail

Posted on March 31, 2017
The federal government has announced that it will invest more than $1.8 billion in the GO Transit Regional Express rail project in the Greater Golden Horseshoe Area. The funding announced is through the New Building Canada Fund – Provincial-Territorial Infrastructure Component. Along with the province’s contribution to the GO Transit Regional Express rail project, this investment will be the single largest transit project in which the federal government has ever invested‎. “Over the last few years the province has made significant progress towards [...]

New justice centre coming to Red Deer

Posted on March 30, 2017
A new justice centre with 12 courtrooms and space for dispute resolution services will be built to serve Red Deer and central Alberta residents. The new Red Deer Justice Centre will address a prolonged space shortage in the current courthouse to help meet the region’s justice needs. Since the existing courthouse was built in the 1980s, the city’s population has almost doubled and the surrounding area’s population has also increased substantially. The facility will increase the number of courtrooms in central Alberta from seven to 12 and create [...]

B.C. investing in new BCIT Health Sciences Centre

Posted on March 30, 2017
The Ministry of Advanced Education is providing $66.6 million and the British Columbia Institute of Technology (BCIT) is providing $11.7 million towards the four-storey, 10,355 square metre (111,460 square-feet) new Health Sciences Centre for Advanced Simulation (HSCAS). The new $78.3 million centre will be one of the largest centres for health simulation training in Canada, and will be unique in its ability to replicate a variety of hospital and laboratory settings. In addition to providing modern teaching and learning spaces, the new centre will enable [...]

Bell investing $854 million in Montreal broadband infrastructure

Posted on March 29, 2017
Bell has announced it will invest a further $854 million to bring direct fibre links and faster internet speeds available to more homes and businesses throughout Montréal. Bell's fibre to the home (FTTH) connections will ultimately reach a total of 1.1 million residences and business locations throughout Québec's largest metropolis. "The announcement that Bell is investing $854 million in new communications infrastructure will without a doubt allow us to attract even more leading-edge businesses. This will be among the many advantages Montréal has to [...]

Ottawa should tap third-party sources for infrastructure funding: report

Posted on March 29, 2017
Ottawa should encourage widespread investment in existing and new infrastructure by institutional investors, such as pension plans and insurers, according to a new report from the C.D. Howe Institute. In “New and Improved: How to Bring Institutional Investment into Public Infrastructure,” author Benjamin Dachis provides Ottawa’s new infrastructure bank with a blueprint for opening up investment opportunities to some of Canada’s largest investment funds. “Canadian governments are on the verge of the largest infrastructure spending increases [...]
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March/April 2017

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