Ontario Highway Service Centres Project
|Areas||Commercial Real Estate, Construction and Infrastucture, Corporate and Commercial, Municipal, Planning and Property Tax , Procurement, Public/Private Partnerships and Alternative Finance, Tax|
Goodmans represented the Province of Ontario and Infrastructure Ontario in connection with the financial close with HKSC Developments L.P., Canadian Tire Corporation and EllisDon Corporation for the redevelopment of 23 service centres situated on Highways 400 and 401 in the Province of Ontario. The cost to design and construct the new service centres is approximately $300 million. The service centres will be redeveloped and will feature modernized rest areas, increased accessibility and improved food services.
The Project is an alternative financing and procurement project under the ReNew Ontario infrastructure investment plan of the Ontario Ministry of Energy and Infrastructure.
The credit facility for the Project was arranged by The Bank of Nova Scotia (also acting as Administrative Agent), with financing provided by The Bank of Nova Scotia and The Toronto-Dominion Bank.