TOP100 2023 Report - Report - Page 3
2023
Change for the Better
Top100 Projects — 2023
An annual report inserted
in ReNew Canada’s
January/February 2023 issue
EDITOR
John Tenpenny
CONTENT DIRECTOR
Corinne Lynds
ART DIRECTOR AND
SENIOR DESIGNER
ADVERTISING
MARKETING &
COMMUNICATIONS
COORDINATOR
EVENT MANAGER
AGENCY DIRECTOR
Gordon Alexander
Nick Krukowski
nick@actualmedia.ca
Charlotte Stone
Sarah Wensley
Catherine Luzena
PRESIDENT
Todd Latham
PUBLISHER
Nick Krukowski
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“P
lus ça change, plus c’est la même chose.
—The more things change, the more they stay the same.”
I’ve been waiting a while to use lyrics from my favourite
band—Rush—in an editorial, and this year’s Top100 Projects presented the
perfect opportunity.
The 2023 edition, featuring Canada’s biggest public infrastructure projects,
hit $273 billion—the same total from 2022, which is amazing considering the
turnover, with 11 new projects appearing in this year’s report.
Of the 11 projects that are no longer on list, 10 were due to substantial
completion being reached, with one project—the Calgary Event Centre—
being cancelled. And of the 11 new projects, 10 are making their first
appearance in the report, while Metro Vancouver’s North Shore Wastewater
Treatment Plant returned after a one-year hiatus enlisting a new
construction management team.
In the 2023 version of the report, the 11 new projects totaled nearly $10
billion, with eight of them falling under the buildings development sector,
with the remaining projects falling under the water-wastewater (2) and
transportation sectors.
Overall, the transit sector leads the 2023 Top100 Projects report with a
quarter of the projects, valued at $120.6 billion, followed by the energy sector
(11 projects, $50.7 billion), the buildings sector (30 projects, $45.4 billion), the
transportation sector (19 projects, $28.2 billion), and the water-wastewater,
communications, and remediation sector (15 projects, $28 billion).
Numerous projects in this report are public-private partnership (P3) and
this model, that has been around for over 30 years, has been getting some
bad publicity lately, with a pair of transit projects in Ontario—the Eglinton
Crosstown LRT and the Ottawa LRT—coming under harsh scrutiny, with
some calling for governments to stop using P3s entirely.
Despite some problems, many believe P3s still have a place in delivering
large, complex public infrastructure projects.
“I believe not only in the viability but in the superiority of the P3 model,”
stated CCPPP president and CEO Lisa Mitchell. “And yeah, it’s been knocked
around a bit, but it hasn’t been knocked down or knocked out.” she told the
audience at the recent P3 Conference in Toronto.
And remember the fun doesn’t stop with the publication of the 2023
Top100 Projects Report. Make sure to attend our annual gala dinner of key
players and owners at The Carlu in Toronto on Feb. 21, 2023, where our
keynote speaker will be Ontario’s Infrastructure Minister, Kinga Surma.
New this year we’re excited to announce the launch of Top100 West—our
first dinner event—to be held May 11, 2023 at The Pinnacle Harbourfront
Hotel in Vancouver.
As we continue to improve the Top100 Projects report, we want
to hear from you. We welcome your suggestions. Contact me at
john@actualmedia.ca to discuss. As always, thank you for your input.
John Tenpenny, Editor, ReNew Canada
ReNew Canada 3
