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) ▼
Forecasted Funding: $500 Million (First Green Bond) + $402 Million (Second Green Bond)
The Eglinton Crosstown Light Rail Transit (LRT) project, which is being implemented by Metrolinx, is a CAD $5.3 billion (2010$) investment by the Government of Ontario to expand transit in Toronto. It is the largest transit expansion in the history of the region and is currently under construction with scheduled completion in 2021.
The new LRT line wll bring 19 new kilometres of rapid transit to Toronto, connecting Mount Dennis in the west to Toronto Transit Commission’s (TTC) Kennedy Station in the east, and will include a 10 km underground tunnel in its central section between Keele Street and Laird Avenue. It will have 25 stations and stops, a link to 54 bus routes, three subway stations and three GO Transit lines.
The Crosstown light rail transit vehicles are electric powered and produce near-zero emissions, making them the right choice for the environment. The Crosstown will be an efficient and reliable transit option for people, which will ease traffic congestion and provide an excellent, environmentally friendly travel alternative.
Work constructing the 10 km underground tunnel has been underway since 2011. The 6.5 km western segment of the tunnel (between Keele Street and Yonge Street) was completed in May 2016. Tunnelling on the eastern segment of the tunnel (from Brentcliffe Road to Yonge Street) began in Fall 2015.
Current activities include utility work, demolitions and station construction (shoring) at various stations along the line. By the end of 2016, every underground station will be under construction.
All 25 stations and stops are aiming to achieve the Toronto Green Standard. The Eglinton Crosstown maintenance and storage facility is aiming to achieve LEED Silver certification.
The Eglinton Crosstown LRT project was selected as the first project to receive Green Bond financing in 2014.
Forecasted Funding: $200 Million
In 2015, the Province of Ontario committed CAD 13.5 billion for extensive rail improvements through the GO system, known as the Regional Express Rail (RER) program. Metrolinx is currently implementing RER, which will bring faster and more frequent GO train service across the Greater Toronto and Hamilton Area (GTHA).
The RER will build on all the expansion already underway and transform the region’s transportation system by providing better and more frequent service. Five GO corridors will be upgraded to provide service every 15 minutes (or better) in both directions throughout the day. Trains will be electrified, which shortens trip times by up to 20 per cent. Implementing RER is expected to add 4,500 new weekly train trips, for a total of 6,000 weekly trips, and increase GO ridership by 140 per cent over the next fifteen years.
The electrification of the GO train system in core areas will contribute towards a significant reduction in GHG emissions. Expanding and electrifying the rail network will provide a more environmentally friendly alternative to the existing diesel trains.
To enable RER, a range of projects including track construction, train control/signals systems improvements, grade separations, vehicle overhaul, train shed restoration and station rehabilitation are required. Many of these works are already underway in communities throughout the GTHA.
Eleven Metrolinx-led RER related Environmental Assessments are completed, in progress or about to be launched. Planning and analysis are underway for additional tracking and station improvements along the Milton, Stouffville and Lakeshore West corridors. Construction, expansion and refurbishment is also in progress for multiple stations along the Richmond Hill, Lakeshore East, Kitchener, and Barrie Corridors. On-going track and platform rehabilitation work at Union Station continues as a key component of the RER initiative, as it will increase station capacity, upgrade customer service systems and prepare for GO electrification. There is also construction work at a layover facility along the Lakeshore West corridor and two stations, one of which is aiming to achieve LEED Silver certification is ongoing. The RER program is expected to reach completion by 2025.
All new GO Transit stations and facilities built as part of the RER will target Gold level certification according to the LEED green building rating system.
Forecasted Funding: $100 Million
The vivaNext Bus Rapid Transit (BRT) is a CAD $1.4 billion (2008$) investment by the Government of Ontario to expand transit in York Region. In partnership with the Regional Municipality of York, Metrolinx is improving rapid transit in York Region through the vivaNext BRT program. The construction of dedicated bus lanes in the centre of the road, known as rapidways, will allow rapid transit buses to move out of congested traffic.
The new rapidways will bring 34.7 km of planned segregated BRT routes. They will provide more reliable service to travellers, with more frequent service of two to five minutes between arrivals in peak periods, and connections with GO Transit, regional transit and future extensions of the subway system.
Construction of the York vivaNext BRT program is well underway. Two BRT rapidway sections in the system, Highway 7 East and Davis Drive, are in service. The remaining two BRT rapidways, Highway 7 West and Yonge Street, are currently under construction to be completed by 2020.
The Yonge Street BRT is currently in the design and construction phase of the project, and is midway through utility relocation activities. As of May 2016, 100 per cent of design packages for all segments of the rapidway have been submitted and reviewed. Progress is also being made towards acquiring properties adjacent to the entire rapidway and completing the necessary environmental work. The Yonge Street rapidway is scheduled to be in-service by the end of 2018.
Construction and utility work is progressing along various segments of the Highway 7 West rapidway. Preparation work has commenced for the foundation construction of the station at Millway Avenue, which will coincide with the opening of the TTC’s Toronto-York Spadina Subway Extension. The vivaNext BRT program is expected to reach completion by 2020.
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 achieved substantial completion in November 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. The project is targeting Silver level certification according to the LEED green building rating system.
This College expansion project will be the first postsecondary education asset in Canada to be funded using Green Bond proceeds.
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 development of this brownfield site involved construction of a new facility to support existing longer-term mental health, forensics and acute mental health programs and services, expansion of forensic services, geriatric psychiatry and mental health rehabilitation.
It also increased capacity of inpatient beds from 214 up to 305, including all associated support services as well as expanded outpatient clinics for psychiatry, diagnostic imaging, medical services and education, learning and research services. The project was certified with Gold level certification according to the LEED green building rating system.
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 project included a new Brownfield facility at the Parkwood site for longer-term mental health and at the St. Thomas site for forensics. Both facilities have achieved Gold level certification according to the LEED green building rating system.
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 come into contact with the law.
The new Atrium building 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 aimed to achieve Gold level certification through focus on healthy indoor environments, reduced greenhouse gas emissions, efficient use of energy, water and other resources.
Forecasted Funding: $2 Million
The Centre for Addiction and Mental Health project involves redevelopment at the 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.
Phase 1B includes three new buildings. The B2 building provides for twelve new youth concurrent disorder beds and associated day treatment and outpatient programs, as well as up-to-date facilities for 48 existing geriatric beds and associated day treatment and outpatient programs. The C2 building accommodates administration and ambulatory care and the G1 building provides a new central plant, parking garage and gym.