Statement from the Minister of Infrastructure
On behalf of the Government of Ontario, I would like to thank Ehren Cory for his outstanding service to the people of Ontario as the CEO of Infrastructure Ontario over the past three years. Ehren announced earlier today that he will be leaving Infrastructure Ontario this spring to return to the private sector. While his appointment was set to expire next month, he has agreed to stay on until April 30th. This will allow time for our Government and IO's Board of Directors to put in place next steps.
Infrastructure Ontario is internationally recognized for its track record in successfully delivering large, complex projects. Its lending program has advanced more than $10 billion in affordable, long-term financing to municipalities, universities and other eligible public sector and non-profit organizations. IO also modernizes and enhances the government real estate portfolio through asset planning, facilities contract management, and real estate advisory services.
I am proud of the strong leadership that Mr. Cory has provided since our government was elected in 2018. Under his watch, IO has continued to grow its impact and value as a Government agency and has successfully delivered billions of dollars of public infrastructure that is critical to the lives of the people of Ontario. Ehren has also been critical to ensuring that IO is well positioned to succeed on the next generation of infrastructure projects, including the hospitals, roads, courthouses and subway projects on the $65B "P3 Pipeline" that Ehren and I announced last fall - the largest in Ontario's history.
On a personal note, I would like to thank Ehren for being a trusted partner and advisor as I took on the privilege of serving as Ontario's Minister of Infrastructure. His in-depth knowledge of Ontario's infrastructure market and ability to bring a private sector perspective to government has been indispensable. He should be proud of the work he has done for the people of Ontario and I wish him all the best in his future endeavours.