On-Site Magazine

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Financing

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

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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

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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

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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

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SNC-Lavalin acquires Harder Associates

December 6, 2011 Andrew Snook

SNC Lavalin recently announced its acquisition of Harder Associates Engineering Consulting, an engineering consulting firm located in Fort St. John, B.C. Representatives for SNC Lavalin stated that the purchase would reinforce its geo-technical and geo-environmental expertise. Harder Associates offers consulting

Article FinancingInfrastructureP3sSkills Development

Shamelessly optimistic

November 1, 2011 Corinne Lynds

As I wrap up my second full year in  the driver’s seat here at On-Site, I can’t help but feel fortunate for all the great experiences I’ve had, and all the truly inspiring people that I have met along the

Article Construction MaterialsFinancingInfrastructureP3sRoadsSkills Development

2012 CONSTRUCTION FORECAST

November 1, 2011 Jim Barnes

Economy hits the “pause” button, but construction prospects are strong