Ontario Newsroom

12 Projects Funded by Ontario's Third Green Bond

Backgrounder

12 Projects Funded by Ontario's Third Green Bond

Ministry of Finance

Ontario raised $800 million in its third issue to fund the following green projects:

1.     GO Transit Regional Express Rail (Greater Toronto and Hamilton Area)

This project will receive up to $400 million to help reduce greenhouse gas emissions by using electricity instead of diesel in trains in core areas. The new GO stations and facilities aim to achieve LEED® gold-level certification.

2.     Eglinton Crosstown LRT (Toronto)

This project - which includes electric-powered vehicles that produce near-zero emissions - will receive up to $300 million to ease traffic congestion.

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

This project will receive up to $50 million to improve access to public transit and manage traffic congestion with the York VivaNEXT BRT, which will contribute to decreasing greenhouse gas emissions.

4.     Finch West LRT (Toronto)

This project will receive up to $10 million to improve access to public transit in two City of Toronto-identified priority neighbourhoods - Jamestown and Jane/Finch - and replace the current bus fleet with electrical-powered light rail trains that produce near-zero emissions.

5.     Hurontario LRT (Mississauga and Brampton)

This project will receive up to $6 million to help build the Hurontario Light Rail Transit to improve access to public transit and reduce greenhouse gas emissions.

6.     Hamilton LRT (Hamilton)

This project will receive up to $3 million to help build the Hamilton Light Rail Transit to improve access to public transit and help reduce greenhouse gas emissions.

7.     ErinoakKids Centre for Treatment and Development (Peel and Halton Regions)

These three new children's treatment facilities in Brampton, Mississauga and Oakville will receive up to $163 million in total and are expected to achieve LEED® silver-level certification.

8.     St. Joseph's Healthcare Hamilton - West 5th (Hamilton)

This new campus will receive up to $8 million to help achieve LEED® gold-level certification, with an anticipated energy reduction of 15 million kWh per year, and water usage reduction of 20 per cent. Ninety per cent of construction materials for this project came from landfills and recyclable products.

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

Both buildings - St. Joseph's Specialized Mental Health Care facility in London and the Forensic Mental Health Care facility in St. Thomas - will receive up to $8 million in total. They were constructed to achieve LEED® gold-level certification, with an anticipated energy reduction of 6.6 million kWh per year.

10.  Woodstock General Hospital (Woodstock)

This new facility will receive up to $5 million and was the first hospital to achieve LEED® silver-level certification in Ontario.

11.  Waypoint Centre for Mental Health Care (Penetanguishene)

This new facility will receive up to $3 million to help achieve LEED® gold-level certification through a focus on healthy indoor environments, the efficient use of resources such as energy and water, and reduced greenhouse gas emissions.

12.  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. The three Phase 1B buildings achieved LEED® gold-level certification and reduced energy use by 20 million kWh per year and water use by 4.3 million litres per year.

All proceeds raised through green bonds are 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

  • Jessica Martin

    Minister's Office

    jessica.martin@ontario.ca

    416-212-5181

  • Scott Blodgett

    Ministry of Finance

    scott.blodgett@ontario.ca

    416-325-0324

Share

Tags

Business and Economy Environment and Energy Government Health and Wellness Jobs and Employment Taxes and Benefits