On-Site Magazine

Topic
Financing

News ConstructionFinancingInfrastructure

CDAO applauds Drummond Report

February 22, 2012 Andrew Snook

While Ontarians are experiencing a mixed reaction to the Drummond Report, the Construction and Design Alliance of Ontario (CDAO) has welcomed the report with open arms. Joe Accardi, chair of the CDAO, stated that his organization believes the Drummond Report

News ConstructionFinancingInfrastructureRoads

Dexter Construction wins $16.8M contract for Highway 104 near Antigonish, N.S.

February 17, 2012 Andrew Snook

Dexter Construction, the construction arm of the Municipal Group of Companies, located in Bedford, N.S., has been awarded a $16,750,533 contract for work on Highway 104, near the Town of Antigonish, N.S. The project is an eight-kilometre stretch of Highway

News BridgesConstructionFinancingInfrastructure

B.C. invests $6M in Highway 3 and awards Dawson Creek bridge tender

February 16, 2012 Andrew Snook

The province of B.C. recently announced it would invest $6 million to resurface a section of Highway 3 between Hope and Nicolum Creek Bridge. The project will be completed in two sections; the first part will be a 6.6-km stretch

News ConstructionFinancingInfrastructure

Feds iron out $55M investment for new dock in Port of Sept-les

February 15, 2012 Andrew Snook

The federal government has agreed to invest upwards of $55 million to assist in the construction of a new multi-user dock in the Port of Sept-Îles, Que. The deep-water dock will be used for shipping iron ore from mines in

News ConstructionFinancing

PCL partners with Red Cross

February 10, 2012 Andrew Snook

In events held simultaneously in Denver, CO and Edmonton, Alta., the PCL family of companies announced partnerships with the American and Canadian Red Cross on Feb. 9. PCL has offered $600,000 worth of disaster relief services in Canada and the

News ConstructionFinancingInfrastructure

Building permits up 11.1 per cent in December

February 7, 2012 Andrew Snook

Building permit values hit their highest level since June 2007, with municipalities issuing $6.8 billion worth of permits in December, an 11.1-per cent increase from November. According to a recent report by Statistics Canada, the jump in permit values was largely

News ConstructionFinancingInfrastructure

RFP stage for aquatics and athletics facility closed

February 7, 2012 Andrew Snook

Ladies and gentlemen, no more bids. Infrastructure Ontario recently announced that the requests for proposalsstage for short-listed building teams to submit bids to design, build and finance a high-performance aquatics and athletics facility for the Toronto 2015 Pan/Parapan American Games

Article Financing

Banking on contractors

February 1, 2012 Jim Barnes

Public-private partnerships (P3s) are here to stay. In this infrastructure-procurement model, many new entrants are finding themselves well outside their comfort zones-especially in terms of finance and risk. “Anybody who comes into it for the first time has a very

News ConstructionFinancing

The Globe and Mail building new headquarters in Toronto for 2015

January 31, 2012 Andrew Snook

The Globe and Mail will have a new base of operations in Toronto. The Canadian media giant announced on January 31 its plans to construct a 480,000-sq. ft. building, located at the north-west corner of Front Street and Spadina Avenue.

News ConstructionFinancing

SNC-Lavalin Nuclear awarded $48M contract for venting systems in Romania

January 24, 2012 Andrew Snook

Montreal-based SNC-Lavalin announced today that it has been awarded a $48 million contract with Societatea Nationala “Nuclearelectrica” (SNN) for the installation of reactor containment filtered venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. Patrick Lamarre, executive vice-president for

News ConstructionFinancingInfrastructure

Non-residential building construction down 0.6 per cent in 4Q 2011

January 20, 2012 Andrew Snook

Investment in non-residential building construction decreased 0.6 per cent, to $11 billon, in the fourth quarter of 2011. According to a report by Statistics Canada, the decline in investment was largely due to lower spending in institutional building construction across

News ConstructionFinancingHeavy Equipment

Finning to purchase portion of Bucyrus distribution business from Caterpillar

January 18, 2012 Andrew Snook

Finning International Inc. has added to its Caterpillar equipment distribution and support business by acquiring a portion of the business formerly owned by Bucyrus. Caterpillar and Finning both announced the agreement on Jan. 18, valued at approximately US$465 million. Finning

News ConstructionFinancing

Building permits down in November

January 10, 2012 Andrew Snook

A decline in non-residential sector permits led to a drop in the value of building permits in November. According to Statistics Canada, the value of permits in November was $6.1 billion, a decrease of 3.6 per cent. The drop comes

News ConstructionFinancingInfrastructureRoads

Carillion Canada wins $156M maintenance contract in London, Ont.

January 5, 2012 Andrew Snook

Carillion Canada Inc. will be looking after London’s highways for the next 12 years. The construction firm recently announced it was named the preferred bidder for the Area Maintenance Contract  2011-12 London.¿¿The contract will begin in May 2012, and will

News ConstructionFinancingInfrastructure

Construction in Canada: Bright light amid global gloom

January 5, 2012 On-Site

Diversification and continued strong investment in the transportation, energy, mining and healthcare sectors will help keep construction workloads steady with low escalation in 2012, according to BTY Group’s annual Market Intelligence Report on construction costs across Canada.“Even with lower than

News ConstructionFinancingHealth & SafetyLaw

Mandatory workers compensation legislation draws criticism from CFIB

January 4, 2012 Andrew Snook

The Workplace Safety and Insurance Board (WSIB) has drawn criticism from the Canadian Federation of Independent Business (CFIB) after Ontario’s Ministry of Labour announced that mandatory coverage for independent operators within the construction industry will come into effect on Jan.

News ConstructionFinancingInfrastructure

PCL, EllisDon, Bondfield shortlisted for Toronto 2015 Pan/Parapan American Games projects

January 4, 2012 Andrew Snook

The New Year has already brought good tidings and potential joy to a few construction companies hoping to cash in on the construction projects planned for the Toronto 2015 Pan/Parapan American Games. PCL Constructors Canada Inc., EllisDon Corporation and Bondfield

News ConstructionFinancing

SNC-Lavalin awarded contract on oil sands project in Alberta

January 3, 2012 Canada Newswire

SNC-Lavalin has been awarded a contract by MacKay Operating Corp. to provide detailed engineering and procurement services for the MacKay River Central Plant Project. The central processing plant will be designed to process 35,000 barrels per day of bitumen steam-assisted

News ConstructionFinancingInfrastructure

Aecon and Dufferin $129M Pearson project takes off

December 19, 2011 Andrew Snook

Aecon Group Inc. and Dufferin Construction Company, a division of Holcim (Canada) Inc., have joined forces to build the Air Rail Link (ARL) “spur line” and passenger station at Pearson International Airport. Aecon announced the financial close of the $128.6-million

News ConstructionFinancing

Partnership pays off for PCL and SNC-Lavalin

December 15, 2011 Andrew Snook

 A partnership in potash has paid off for the PCL family of companies and SNC-Lavalin. The two companies, involved in a joint venture, were awarded a $1.5-billion mine facility expansion contract in Vanscoy, Sask. The owner of the mine, Agrium