TORONTO, Jan. 11, 2016 – Canadian mega-project spending continues to rise. The value of the country’s 100 biggest public infrastructure projects has grown to $161.3 billion, a modest increase over 2015’s $157.9 billion, according to ReNew Canada, which today released its 10th annual Top100 Projects report. The web version can be accessed at http://top100projects.ca.
Toronto’s $9.1-billion Eglinton Crosstown LRT is this year’s new No. 1 public infrastructure project, overtaking the $8.775-billion Site C hydroelectric energy development in British Columbia, which had occupied the top spot since 2013. In November 2015, the Province of Ontario announced the Eglinton Crosstown public-private partnership’s cost over 30 years, boosting it up from its No. 5 rank in 2015.
Overall, the list is dominated by $57.5 billion in 28 energy projects, with hydroelectric generation—including the controversial Site C project—claiming the four of the top 10 spots:
- 1. Eglinton Crosstown LRT – Transit – Ontario –– $9.1 billion
- 2. Site C – Hydroelectric – British Columbia –– $8.775 billion
- 3. Muskrat Falls Project – Hydroelectric – Newfoundland and Labrador –– $7.65 billion
- 4. Romaine Complex – Hydroelectric – Quebec –– $6.5 billion
- 5. Keeyask Hydroelectric Project – Hydroelectric – Manitoba –– $6.496 billion
- 6. Southwest Calgary Ring Road – Transportation – Alberta –– $5 billion
- 7. Bipole III Transmission Line – Transmission – Manitoba –– $4.6 billion
- 8. Green Line LRT – Transit – Alberta –– $4.5 billion
- 9. New Champlain Bridge Corridor Project – Transportation – Quebec –– $4.24 billion
- 10. Turcot Interchange – Transportation – Quebec –– $3.67 billion
Beyond energy, the report includes 22 transportation projects, 19 transit, 12 buildings (social, educational, and government facilities), 10 health-care facilities, six water/wastewater, two remediation efforts, and one waste management development.
“There are 25 newcomers in 2016, representing $25.8 billion in new mega-project investment, which is positive sign,” said André Voshart, Executive Editor, ReNew Canada. “Given the infrastructure gap Canada and all countries face, large investments in transit, energy, and transportation are a good step toward economic sustainability and social progress.”
The report ranks public projects by cost, including descriptions, funding sources, and key players. The list excludes privately held oil and gas developments. It can be accessed at http://top100projects.ca.
Top100 Dinner Event
ReNew Canada is hosting an executive-level Top100 Projects Key Players & Owners Dinner in downtown Toronto on February 25, 2016 to celebrate. The Honourable Amarjeet Sohi, Canada’s Minister of Infrastructure and Communities, will deliver the evening’s keynote address. There are tables and single tickets available at http://top100projects.ca/
About ReNew Canada
First published in 2005, ReNew Canada magazine covers the financing, design, construction, and planning of Canada’s public infrastructure. Learn more at http://renewcanada.net.