On-Site Magazine

Topic
Financing

News ConstructionFinancing

B.C. shortlists three bidders, issues RFP for first phase of $1.3B Burnaby hospital redevelopment

June 25, 2020 On-Site Staff

Stage one of the major renewal project includes construction of a new six-storey tower, as well as renovation and demolition work

News Financing

$775M Quebec City port project aims to win back market share amid shifting trade winds

June 25, 2020 Christopher Reynolds, The Canadian Press

MONTREAL—The head of a project to build a container terminal in Quebec City says the port expansion will help Canada claw back business from U.S. harbours. Don Krusel, executive director of the Quebec Port Authority’s $775-million undertaking, says the country’s

News FinancingInfrastructure

RFQ to be issued this month for Calgary Green Line after city approves $4.9B plan

June 17, 2020 On-Site Staff

Calgary City Council has signed off on several final adjustments to plans for the city’s Green Line and officially sanctioned the $4.9 billion light rail transit project. The updated route for the line — known officially as the Stage 1

News ConstructionFinancingInfrastructureRisk Management

Contractors should take steps to maximize surety credit as COVID-19 threatens to toughen market

June 16, 2020 by David Kennedy

COVID-19 has disrupted work on job sites coast to coast, and the pandemic is expected to limit productivity on the ground for at least several more months. But the virus’s impact on the industry is not limited to construction sites.

News Financing

Brampton, Ont. plans construction of new electric bus maintenance facility; costs could top $325M

June 15, 2020 On-Site Staff

City council in the fast-growing Toronto suburb of Brampton has approved a plan for a new bus maintenance and storage facility, the first phase of which could cost as much as $325 million. The maintenance yard, still dependent on further

News FinancingInfrastructure

Holding firm on pre-COVID infrastructure plans would benefit Ontario in long run, study says

June 10, 2020 On-Site Staff

With COVID-19 poised to greatly undercut government revenue in the coming months, a new study offers a pair of divergent scenarios for Ontario infrastructure spending and the associated economic benefits over the next decade. The report, assembled by the Canadian

News Financing

SaskPower to spend $100M on new logistics warehouse to consolidate operations in Regina area

June 2, 2020 On-Site Staff

Saskatchewan utility SaskPower has green-lit construction of a major new facility just west of Regina. The Logistics Warehouse Complex, located within the city’s Global Transportation Hub, will consolidate employees currently spread out at a handful of smaller sites in the

News FinancingInfrastructure

Trudeau rushes out $2.2B in infrastructure funds to cash-strapped cities

June 1, 2020 Jordan Press, The Canadian Press

Cities welcome the funding, but warn it won’t be sufficient to plug shortfalls caused by COVID-19

News ConstructionFinancingInfrastructure

Nova Scotia joins other provinces in infrastructure stimulus effort, adds $230M for ‘shovel-ready’ work

May 28, 2020 On-Site Staff

Nova Scotia is upping its capital spending plan for the year by nearly 25 per cent to help the province’s economy regain momentum post-pandemic. Premier Stephen McNeil announced the $230 million stimulus push May 27. “As the private sector turns

News FinancingInfrastructure

Quebec to inject $2.9 billion extra into infrastructure to help fuel economy

May 16, 2020 On-Site Staff

The Quebec government is adding $2.9 billion to its infrastructure spending plan for the 2020-2021 fiscal year. A large portion of the province’s economy spent much of the last six weeks shut down as the government worked to stem the

News FinancingInfrastructure

‘Booster-shot’ adds $2B to Saskatchewan’s infrastructure spending plan

May 7, 2020 On-Site Staff

Saskatchewan is tacking an extra $2 billion in infrastructure spending onto its capital plan to help spur the province’s economy in the wake of the COVID-19 pandemic. Premier Scott Moe announced the updated two-year, $7.5 billion capital plan May 6.

News FinancingInfrastructure

With Toronto transit costs ballooning, new report lays out strategies for keeping lid on spending

April 27, 2020 On-Site Staff

Transit construction costs have grown considerably since the city’s initial subway building boom, and inflation doesn’t account for it

News ConstructionFinancing

Why cost management is increasingly important in the construction and infrastructure sectors

April 21, 2020 Darren Cash, MRICS

The construction industry continues to undergo large-scale modernization efforts. Whether it’s new technology, more diversity and inclusivity in offices and on sites, education to address the skills shortage or future-proofing and greater sustainability, the industry is more innovative and forward-looking

News Financing

B.C. issues RFQ for $116M hospital redevelopment project

April 16, 2020 On-Site Staff

Partnerships BC has issued a request for qualifications for a hospital project in north-central British Columbia. The Stuart Lake Hospital Redevelopment Project includes the construction of a new hospital in Fort St. James, northwest of Prince George, as well as

News FinancingInfrastructure

Liberals asked to help cover overruns on projects delayed by COVID-19

April 8, 2020 Jordan Press, The Canadian Press

Billions in infrastructure funding was slated to leave federal coffers to help pay for construction this spring and summer. Some of that work is now on hold

News Financing

Grassy Narrows signs deal with Ottawa for construction of $19.5M mercury poisoning treatment centre

April 3, 2020 Teresa Wright, The Canadian Press

OTTAWA—The federal government has signed an agreement with Grassy Narrows First Nation that will see a long-promised treatment centre for residents with mercury poisoning finally built in the community. Chief Rudy Turtle signed the framework agreement with Indigenous Services Canada

News FinancingRoads

Alberta commits $50M to improvements along Hwy. 881

March 25, 2020 On-Site Staff

Alberta has set aside $50 million for a road improvement project on a stretch of highway between Edmonton and Fort McMurray, Alta. The province said the construction work will add passing lanes, a new rest area and improve intersections on

News Financing

Few approved oilsands projects stand to be built in near term: analysts

March 7, 2020 Dan Healing, The Canadian Press

CALGARY—There are dozens of approved oilsands projects that could be built in the wake of the shelving of the Frontier oilsands mine this week but analysts say they won’t be built until more export pipeline capacity comes online. The application

Article FinancingInfrastructure

From the editor… A disconcerting lack of vision

February 21, 2020 by David Kennedy

When engineers in Toronto were laying out plans for the Prince Edward Viaduct in the early 1910s, the subway line that would eventually carry trains along the lower deck of the bridge was little more than a far-flung possibility. For

News ConstructionFinancing

Fluor, Kiewit win multibillion-dollar contract to build new petrochemical facility outside Edmonton

January 8, 2020 On-Site Staff

The Canadian and Kuwaiti companies developing a new multibillion-dollar petrochemical facility in Alberta have awarded a lump sum construction contract to a 50/50 partnership between Fluor Canada Ltd. and Kiewit Construction Services ULC. Calgary-based Pembina Pipeline Corp. and Petrochemical Industries