infrastructure ontario toronto board of trade presentation
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Ontario's AFP MarketToronto Region Board of TradeToronto Region Board of TradeJanuary 21, 2014
Bert ClarkBert ClarkPresident and CEOInfrastructure Ontario
AFP Track Record
• Since its inception in 2005, Infrastructure Ontario (IO) has brought 72 projects to market:• 35 projects have reached substantial completion;• 20 projects are under construction;• 17 projects are currently in the transaction phasep j y p
• In 2013, IO requested a third‐party assessment of its on‐time/on‐budget performance for the first / g p30 AFP projects to reach completion.• 29 of 30 projects were completed below the established contract budget plus 5% contingencyestablished contract budget plus 5% contingency
• 22 of 30 projects were delivered on or ahead of schedule
Infrastructure Ontario 1
AFP Pipeline
Hospital projects• $4.8 billion in completed construction
$3 5 billi d t ti• $3.5 billion under construction• $7 billion in planning/procurement
Public transit projectsPublic transit projects• $2.4 billion under construction• $8 billion in planning/procurement
Transportation projects• $1.8 billion under construction• $2 billion in planning/procurement
Total value of IO assigned projects: $18 billion
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Dispelling AFP Myths
The AFP model:• protects the rights of unionized workers• draws upon private finance only to the extent
necessary to transfer risk• does not structure transactions to achieve
accounting advantages or move debt off the books
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AFP Social and Economic Benefits
Health Care• 10 million square feet of new/renovated hospital space
81 ti i t• 81 new operating rooms, nine new emergency centres, and eight new cancer treatment centres
Justice96 t i lid t d th t• 96 courtrooms in new consolidated courthouses, at full capacity
• 18 new OPP regional headquarters, forensic units, and detachmentsdetachments
Sport/Recreation• Pan/Parapan American Games facilities are proceeding
on time/on budget including:on‐time/on‐budget, including:• CIBC Pan Am and Parapan Am Athletes’ Village• Pan American Athletics Stadium• Pan American Aquatics Centre and Field House• Pan American Velodrome
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