Green Bonds Projects
Projects will mainly be focused on environmentally friendly infrastructure across the Province that mitigate or adapt to the effects of climate change, exclusive of fossil fuel and nuclear energy projects. These projects will be located throughout Ontario communities and align with the Province’s environmental and climate change policies.
The following projects have been selected as eligible to receive funding through green bonds: (Click on each project name to expand/collapse)
Eglinton Crosstown Light Rail Transit (LRT)
Forecasted Funding: $500 Million (First Green Bond) + $402 Million (Second Green Bond)
The Eglinton Crosstown Light Rail Transit (LRT) is a $5.3 billion (2010$) investment from the Government of Ontario to expand transit in Toronto. This 19 km corridor will have 25 stations and stops, and will link to 54 bus routes, three subway stations and three GO Transit lines. Construction is currently underway and the Crosstown service will begin in 2021. The new, expanded transit service will move people up to 60 percent faster than current bus services. Projected ridership is 5,400 passengers per hour in the peak direction by 2031, and the capacity of the Crosstown vehicles is 15,000 passengers per hour per direction
The Crosstown light rail transit vehicles are electric powered and produce near-zero emissions, making them the right choice for the environment. The Eglinton Maintenance and Storage facility aims to achieve Silver level certification according to the LEED® green building rating system. All stations and stops aim to achieve the Toronto Green Standard Tier 1 for environmental performance.
The Crosstown LRT will contribute to reduced greenhouse gas (GHG) emissions from the lower emissions profile of electric rapid transit versus the existing bus service, as well as the mode shift expected from auto users shifting to public transit. The Crosstown will also move people more easily and more quickly to their destinations, which will manage traffic congestion and provide an excellent, environmentally – friendly travel alternative.
The Eglinton Crosstown LRT project was selected as the first project to receive Green Bond financing in 2014.
vivaNext Bus Rapid Transit
Forecasted Funding: $100 Million
The vivaNext Bus Rapid Transit (BRT) is a $1.4 billion (2010$) investment from the Government of Ontario to expand transit in York Region. It is currently under construction with scheduled completion in 2019. Nearly 9 km of rapidways are already in service with three segments open in Newmarket, Markham and Richmond Hill. This 34.7 km bus rapid transit expansion will include 38 new Viva stations and stops. Viva vehicles will travel in dedicated bus lanes in the centre of the road for the majority of the route.
vivaNext BRT will connect with other regional rapid transit including GO Transit, Brampton Züm, and the TTC Spadina subway extension. The new vivaNext rapidways will support improved community connectivity and access to services, education, and retail or businesses by making it easier to travel in and around York Region.
In July 2015, the vivaNext BRT project opened an Operations, Maintenance and Storage Facility built to the LEED® green building system’s Silver level certification. This facility will support the growing fleet of Viva vehicles. Improving access to public transit and new mobility options such as the vivaNext BRT will contribute to decreasing GHG and Criteria Air Contaminants (CAC), manage traffic congestion, and encourage mode shift from auto trips to transit trips.
Regional Express Rail
Forecasted Funding: $200 Million
Regional Express Rail (RER) is a $13.5 billion (2014$) investment from the Government of Ontario to transform the GO rail network. Through RER, the GO rail network will be upgraded to feature: frequent, all-day service, faster trip times, and electric trains. Construction on RER projects is currently underway, with anticipated completion by 2024. The infrastructure and service expansion is expected to provide:
- More than a doubling of peak service and a quadrupling of off-peak service compared to today;
- Reduced journey times for some cross-region transit trips by as much as 50 percent; and
- A wider range of travel options for Greater Toronto and Hamilton Area (GTHA) residents.
Once complete, RER will provide: significant time savings through faster, more frequent transit options; improved access to employment, education and services; manage congestion; and a mode shift from auto trips to transit trips.
Electrification of five of the GO Transit corridors is a key component of RER and will be phased in, starting with UP Express. Electrification was announced in April 2015, with completion of Environmental Assessments anticipated by the end of 2016. Through more frequent, and electrified service, RER will lead to a reduction in GHG emissions due to the conversion of the trains from diesel to electric propulsion, the resulting higher ridership, and mode shift from auto trips to transit trips. All new GO Transit stations and facilities built as part of RER will target achievement of Gold level certification according to the LEED® green building rating system.
Sheridan College Hazel McCallion Campus Expansion
Forecasted Funding: $68 Million
Sheridan College Hazel McCallion Campus Expansion project is a joint investment by the Government of Ontario and Sheridan College, which includes substantial green features. Expansion will accommodate 3,200 full-time students and is currently under construction with scheduled completion in May 2016. The new facility will be 220,000 square feet within the urban core of Mississauga, and will include new classrooms, studios, laboratories and production spaces. The new building will also house a gallery space to showcase student creativity and innovation.
This College expansion project will be the first postsecondary education asset in Canada to be funded using green bond proceeds. Green highlights of the expansion project:
- Building is being constructed to meet a Sheridan-mandated maximum annual energy consumption of 100 kWh/m2/year. This simple metric drove bidder innovation across many disciplines
- Leadership in Energy and Environmental Design (LEED®) Silver certification, with energy performance in the top one percent of all LEED® buildings
- One of the most energy-efficient academic buildings in North America
- LED lighting & intelligent lighting controls throughout the facility
- Active chilled beams, radiant panels, and in-slab heating for cooling/heating with dedicated outdoor air
- Solar thermal collectors and waste heat recovery offset hot water heating by natural gas
- High-quality building envelope reduces thermal losses and solar gain through windows.
St. Joseph’s Healthcare Hamilton - West 5th
Forecasted Funding: $14 Million
The West 5th Campus is an 850,000-square-foot facility that provides specialized mental health services to those suffering from severe mental illness or addiction. The project provides additional inpatient beds, expanded outpatient clinics for psychiatry, diagnostic imaging and medical services, along with research and academic spaces. The project was certified with Gold level certification according to the LEED® green building rating system, and includes the following features:
- Storm Water Management System to minimize water pollution;
- Highly efficient plumbing fixtures to reduce indoor water usage by 20 percent;
- Preservation of mature trees on portions of the Campus with over 500 new trees planted;
- Low emitting materials used during construction to ensure improved indoor environmental quality;
- PVC roof to increase building heat naturally from the sun; and
- 90 percent of construction materials come from landfills and recyclable products.
St. Joseph’s Health Care – London and St. Thomas
Forecasted Funding: $5 Million
The St. Joseph’s Specialized Mental Health Care facility in London provides services such as adolescent psychiatry, assessment, concurrent disorders, geriatric psychiatry and psychosis.
The St. Joseph’s Forensic Mental Health Care facility in St. Thomas provides specialized inpatient and outpatient services, including assessment, treatment, outreach and support services to individuals with a mental illness who have come into significant contact with the criminal justice system.
The St. Joseph’s Health Care Specialized Mental Health Care and Forensic Mental Health Care facilities have been designed to meet the highest environmental sustainability standards, while at the same time, supporting individuals on their path to recovery.
Both projects feature environmentally responsible and sustainable features and have achieved Gold level certification according to the LEED® green building rating system.
Waypoint Centre for Mental Health
Forecasted Funding: $2 Million
The Waypoint Centre for Mental Health Care in Penetanguishene replaced the 160-bed Oak Ridge facility and the 20-bed Brebeuf building to offer a larger, more modern space for treatment and care of people with mental health disorders who have been involved with the criminal justice system
Waypoint was built with environmentally friendly design features in order to achieve Gold certification according to the LEED® green building rating system, as part of the government’s commitment to reduce energy use and greenhouse gas emissions.
Waypoint aims to achieve Gold level certification through focus on healthy indoor environments, reduced greenhouse gas emissions, efficient use of energy, water and other resources.
Centre for Addiction and Mental Health - Phase 1B
Forecasted Funding: $2 Million
The Centre for Addiction and Mental Health project involves redevelopment at the Centre for Addiction and Mental Health (CAMH) Queen Street site in Toronto. All three Phase 1B buildings have been designed with environmentally responsible and sustainable features in order to achieve Gold certification according to the LEED® green building rating system. With Phase 1B of the project:
- CAMH will see a reduction of nearly 27 percent in energy costs;
- Its reduced greenhouse gas emissions will be like taking 220 cars off the road;
- Secure underground bicycle parking and change/shower facilities to promote bicycle use and commuting have been added; and
- Green spaces, both public and exclusive to clients, have been incorporated into the site, with large-growing shade trees planted throughout the site.