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Eight Projects to Benefit from Second Ontario Green Bond Issue

Backgrounder

Eight Projects to Benefit from Second Ontario Green Bond Issue

Ministry of Finance

Ontario raised $750 million in its second issue to fund the following green projects:

1.     Eglinton Crosstown LRT (Toronto)

This project will receive up to $402 million to help build the LRT, such as constructing electric powered transit vehicles that produce near-zero emissions.

2.     York VivaNEXT Bus Rapid Transit Expansion (York Region)

This project will receive up to $100 million to improve access to public transit which will contribute to decreasing greenhouse gas emissions.

3.     GO Transit Regional Express Rail

This project will receive up to $200 million to help reduce greenhouse gas emissions by using electricity instead of diesel in trains and LEED®  gold-level certification for all Regional Express Rail stations and facilities.

4.     Sheridan College Hazel McCallion Campus Expansion (Mississauga)

This construction project will receive up to $68 million and the new building will be one of the most energy-efficient academic buildings in North America.

5.     St. Joseph's Health Care West 5th Campus (Hamilton)

This new campus will receive up to $14 million and was constructed to achieve LEED® gold-level certification that includes 90 per cent of construction materials coming from landfills and recyclable products and high-efficiency plumbing fixtures to reduce water usage by 20 per cent.

6.     St. Joseph's Healthcare (London and St. Thomas)

Both buildings will receive up to $5 million in total and were constructed to achieve LEED® gold certification and incorporate several environmentally responsible features.

7.     Waypoint Centre for Mental Health Care (Penetanguishene)

This new facility will receive up to $2 million and was constructed to achieve LEED® gold-level certification through focus on healthy indoor environments and the efficient use of energy, water and other resources.

8.     Centre for Addiction and Mental Health (Toronto)

The redevelopment of the Centre for Addiction and Mental Health Queen Street site will receive up to $2 million and was designed to achieve LEED® gold-level certification that will reduce energy costs by 27 per cent and include green spaces.

All proceeds raised through green bonds will be used to fund green infrastructure projects. Funding amounts for each project are estimates based on total eligible costs. Final amounts provided to each project will be confirmed in the coming year. 

Projects eligible for funding by Ontario green bonds must fall within the categories identified in the Province of Ontario's Green Bond Framework, excluding fossil fuel and nuclear energy projects. 

 

Media Contacts

  • For Media Inquiries only:

    TTY: 1-800-263-7776

    1-800-337-7222

  • Kelsey Ingram

    Minister's Office

    kelsey.ingram@ontario.ca

    416-326-1409

  • Scott Blodgett

    Ministry of Finance

    scott.blodgett@ontario.ca

    416-325-0324

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