Infrastructure Ontario's Guiding Principles

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INTRODUCTION - WELCOME

Welcome to the latest series of blogs published by Lerners LLP on topics relevant to our clients. Over the next few months, this blog will provide information on infrastructure planning and financing through Infrastructure Ontario.

For those unfamiliar with Infrastructure Ontario, Infrastructure Ontario is an arm’s length Crown Corporation established in 2005 that is dedicated to building and renewing public infrastructure in Ontario. Infrastructure Ontario uses private financings to strategically rebuild vital infrastructure on time and on budget.

INFRASTRUCTURE ONTARIO’S GUIDING PRINCIPLES

As a public sector entity, Infrastructure Ontario has developed five principles to govern its operations. When considering applying for funding through Infrastructure Ontario, it is important for the applicant to consider these five fundamental principles, being:

  1. Public interest is paramount;
  2. Value for the investment of public money must be demonstrated;
  3. Appropriate public control and ownership must be maintained;
  4. Accountability must be obtained; and
  5. Fair, transparent and efficient processes must be used.

Remembering these five fundamental principles throughout your interactions with Infrastructure Ontario will prove to be valuable.

For more information on the above please contact Ian Shewan at 519.640.6334 or ishewan@lerners.ca. The Infrastructure Blogs are written by Ian Shewan and Matthew Wilson.

Lerners is one of the largest firms in Southwestern Ontario, with offices in London and Toronto. Our 80-plus years of successful representation is a result of our commitment to providing all our clients with the legal services they need in a client-focused environment.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

 

Topics:  Construction Contracts, Infrastructure

Published In: General Business Updates, Construction Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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