TORONTO – The Ministry of Training, Colleges and Universities, Humber College and Infrastructure Ontario (IO) announced today that PCL Constructors Canada Inc. has signed a guaranteed maximum-priced contract to design, build, and finance Humber College’s new Learning Resource Commons project.
The fixed-price contract between PCL Constructors Canada Inc. (PCL) and the Humber College Institute of Technology and Advanced Learning is for $84.2 million, and will be paid by the province and Humber College at substantial completion in spring 2015 to ensure the project’s on-time and on-budget delivery.
The project will create employment in the construction sector, with approximately 150 workers expected on site each day at the peak of activity, and will generate an economic spin-off that will benefit the entire community.
Located at Humber’s North Campus in Etobicoke, the new Learning Resource Commons is a six-storey, 260,000 sq. ft. academic support and student services facility that will become the new main entrance to the campus. Highlights of the facility include:
. space for more than 2,200 students
. group and independent study spaces
. a new library, including a centralized hub for student services
. a student gallery and showcase space
. space for the School of Liberal Arts and Sciences and college administration
The project will deliver design excellence and sustainability, with the new building designed to achieve Leadership in Energy and Environmental Design (LEED®) Silver certification.
The selection of PCL is the result of an open, fair and competitive procurement process that began in July 2012. Throughout its submission, PCL consistently demonstrated a clear understanding of the opportunities and challenges of designing and constructing a postsecondary education facility. Key members of the PCL team include PCL Constructors Canada Inc. (developer and constructor), B+H Architects (lead architects), and TD Securities Debt Capital Markets (financial advisors).
Infrastructure Ontario is a Crown agency of the Province of Ontario that delivers large, complex infrastructure renewal projects on time and on budget. Over the last six years, the province has applied Infrastructure Ontario’s alternative financing and procurement model to 83 major projects valued at approximately $38 billion, saving taxpayers an estimated $3 billion. Infrastructure Ontario also manages one of the largest real estate portfolios in Canada, provides municipalities and eligible public sector clients with financing to renew public infrastructure and leverages its private-sector expertise to manage major commercial transactions on behalf of the province.