Jun 27, 2020

Spotlight

New Toronto Courthouse (FA)

Client: Infrastructure Ontario and Ministry of the Attorney General

Location: Toronto, Ontario, Canada

Delivery Model: Public-Private Partnership: Design-Build-Finance-Maintain

Size: 690,000 sq. ft.

Value: $505 million

Project Highlights

  • 2019 National Awards for Innovation and Excellence in Public-Private Partnerships—Silver Award under the Project Development category.

The New Toronto Courthouse (NTC) is the first high-rise, Design-Build-Finance-Maintain (DBFM) courthouse project in Ontario. The new courthouse for the

Located in the judicial precinct adjacent to Toronto City Hall, NTC will be an 800,000 sq. ft, 19-story facility with 63 new judicial hearing rooms (53 courtrooms,

EllisDon Capital Inc. (EDC) is the Developer Lead, 100% Equity Provider, and Financial Advisor on the NTC Project. As Financial Advisor, EDC was responsible

EllisDon Capital acted as the financial advisor to develop and implement a comprehensive financial plan for the consortium that included a long-term private

During the development phase of the bid, EllisDon Capital ran a competition among two experienced bond underwriters and five private placement lenders

The long-term private placement from Sun Life Investment Management is a fixed-rate instrument, and the short-term bank facility from the National Bank

NTC had high maintenance and lifecycle requirements relative to the capital cost (and therefore long-term private capital) of the project. This resulted in high

The NTC Project was delivered using Infrastructure Ontario’s Public-Private Partnership (P3) method. This method transfers most project risks to the private

The Value for Money report completed for the NTC Project indicates that by using the P3 method in comparison to a traditional delivery model, the NTC

The NTC Project exemplifies Infrastructure Ontario’s P3 model of value, timeliness, and accountability by demonstrating that value for money can be