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High-speed trains wait at the platforms at St. Pancras International Station in London. Borealis Infrastructure and Ontario Teachers’ Pension Plan teamed up to win a 30-year franchise to operate the 109-kilometre line from London to the Channel Tunnel.
High-speed trains wait at the platforms at St. Pancras International Station in London. Borealis Infrastructure and Ontario Teachers’ Pension Plan teamed up to win a 30-year franchise to operate the 109-kilometre line from London to the Channel Tunnel.
(LENNART PREISS/AP)

Infrastructure Ontario’s new transit focus draws private sector

Infrastructure Ontario (IO) is switching gears to launch major transit projects across the province after years of focusing on building new hospitals.

But changes in infrastructure needs haven’t slowed the consortium of construction companies, property managers and financial backers who want to get in on the action. And the government’s long-term financing system means that these private-sector companies will soon have billions of dollars of light rail and subway extensions on their books.