Topic
Financing
Ottawa responds to U.S. tax reform, offers construction industry help in form of faster equipment depreciation
November 22, 2018 Andy Blatchford, The Canadian PressThe proposed tax changes unveiled by Ottawa this week should allow companies to free up capital and invest more in areas such as innovation
UPS spending $200M to build major new package hub outside Toronto
November 21, 2018 On-Site StaffMISSISSAUGA, Ont.—United Parcel Service Inc. is committing $200 million to build a new operations hub for small packages in Caledon, Ont. UPS said construction on the 850,000 sq. ft. facility northwest of Toronto is already underway, though it refused to…
Penn-Co Construction wins $190M deal to build four new Manitoba schools, upgrade another
November 21, 2018 by David KennedyWINNIPEG—A Manitoba construction company has won a consolidated contract with several First Nations in the northern part of the province for work upgrading and building new schools. Under the $190 million contract, Blumenort, Man.-based Penn-Co Construction Canada Ltd. will oversee…
Alberta commits $600M to spur construction of petrochemical projects
November 20, 2018 The Canadian PressEDMONTON—The Alberta government is expanding a royalty credit program to support petrochemical upgrading. Premier Rachel Notley says the province is adding $600 million to promote upgrading projects that she says will create jobs and boost the economy. A total of…
Sicamous, B.C. bridge replacement receives $225M in federal, provincial funding
November 19, 2018 by Jillian MorganSICAMOUS, B.C.—A project to replace the aging R.W. Bruhn Bridge in Sicamous, B.C. is one step closer to completion. The federal and provincial governments announced $224.5 million in joint funding Nov. 16 to swap out the more than 50-year-old structure…
Green light for $40M wind power project in remote Inuvik, N.W.T.
November 16, 2018 On-Site StaffINUVIK, N.W.T.—A wind turbine project worth tens of millions of dollars has become the first northern Canadian infrastructure job to secure funding under Ottawa’s new Arctic Energy Fund. The Inuvik Wind Generation project will get $30 million from the federal…
Feds to spend $88.6M to upgrade, replace First Nation, Inuit police facilities
November 15, 2018 by Jillian MorganOTTAWA—Policing facilities in Indigenous communities across the country are about to undergo a series of upgrades. The federal government announced it will spend $88.6 million over seven years, beginning in 2018-2019, to repair, renovate and replace policing facilities owned by…
No frenzy for Toronto builders as city loses bid to host Amazon HQ2
November 13, 2018 Michelle McQuigge, The Canadian PressLanding the coveted corporate complex would have led to billions in spending in the Toronto area
Stuart Olson buys Alberta industrial maintenance, construction firm Tartan for $12M
November 7, 2018 by David KennedyCALGARY—Stuart Olson Inc. is expanding its reach in the industrial maintenance, construction and plant turnaround business. The Canadian contractor said Nov. 7 it has acquired Calgary-based Tartan Canada Corp. for approximately $12 million. The company, which primarily serves clients in…
Imperial Oil going ahead with $2.6B Aspen oilsands project, will create 700 jobs at peak construction
November 7, 2018 The Canadian PressCALGARY—Imperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project. Construction will begin this year, with the project expected to start up in 2022. The Aspen project, located about 45 kilometres northeast of Fort McMurray, Alta.,…
Canada Infrastructure Bank ‘actively engaged’ in reviewing 10 projects for investment
November 6, 2018 by David KennedyTwo months after opening its chequebook for the first time, the new federal institution says it’s looking closely at nearly a dozen new projects
$2.6B Edmonton LRT project has green light as province steps aboard
November 2, 2018 by David KennedyThe western leg of the city’s Valley Line will stretch 14 kilometres. Procurement will get underway shortly, with construction likely starting by 2020 or before
Calgary 2026 Olympic Games bid remains alive, offering opportunity for builders
November 1, 2018 Donna Spencer, The Canadian PressCALGARY—A potential Calgary bid for the 2026 Olympic and Paralympic Games survived a city council vote Oct. 31, when a motion leading to the cancellation of an upcoming plebiscite did not pass. Ten votes out of 15 on council were…
Ontario PCs scrap $300M in provincial funding for construction of three new college campuses
October 24, 2018 The Canadian PressTORONTO—Funding to expand three post-secondary campuses in Markham, Milton and Brampton has been cancelled by Ontario’s new Progressive Conservative government. Merrilee Fullerton, the minister of training, colleges and universities, says in a news release the province is not in a…
Four small B.C. airports get a lift as federal government awards $9.5M for upgrades
October 23, 2018 On-Site StaffNANAIMO, B.C.—Runways and taxiways at a pair of small airports on Canada’s West Coast are set for rehabilitation projects as part of a federal investment in safety upgrades at four B.C. airfields. Ottawa said it has awarded approximately $9.5 million…
Walmart Canada spending $175M to renovate stores across country
October 15, 2018 The Canadian PressMISSISSAUGA, Ont.—Walmart Canada says it will spend $175 million to help upgrade its stores across the country and improve the integration between its e-commerce business and physical locations. The company plans to renovate 23 stores by February 2019 in a…
Infrastructure Canada closes book on $33B in provincial funding deals after inking Saskatchewan agreement
October 4, 2018 by On-Site MagazineREGINA—Ottawa has sealed an infrastructure funding agreement with the Saskatchewan government, finally slamming shut the book on a series of provincial and territorial deals worth a combined $33 billion. Its final long-term infrastructure agreement turns the tap on $896 million…
Aecon Group Inc. selling contract mining business for $199.1 million
October 3, 2018 The Canadian PressTORONTO—Aecon Group Inc. has signed a deal to sell its contract mining business to North American Construction Group Inc. for $199.1 million in cash. The contract mining business provides overburden removal and environmental reclamation services, primarily in the Alberta oilsands.…
Investors green light $40B LNG project in B.C.
October 2, 2018 The Canadian PressVANCOUVER—Investors have given final approval for a massive liquefied national gas project in northern British Columbia. The five partners have agreed to the $40-billion joint venture that includes a gas liquefaction plant in Kitimat on B.C.’s coast and a 670-kilometre…
Gordie Howe bridge to cost $5.7 billion; set to open by end of 2024
October 1, 2018 Jordan Press, The Canadian PressOTTAWA—Getting to the Sept. 28 announcement of the final price tag for the long-sought span has been laden with political potholes