Green Bond Projects

OVERALL ALLOCATION BY FRAMEWORK CATEGORY

Donut Chart illustrating the total allocation on 3 category projects: $20.25 Billion on 29 projects

*Data includes bonds issued under the 2014 Green Bond Framework, categories have been updated to align with those in the new 2024 Ontario Sustainable Bond Framework.
Note: Numbers may not add due to rounding.
Source: Ontario Financing Authority

PROJECT FUNDING AND IMPACT REPORTING SUMMARY

For a complete breakdown of Ontario’s Green Bond Funding allocations and Impact Reporting summary, please download the detailed excel table.

Project Name	Total Project Cost^[1] ($ millions)	Allocated Funding from Green Bond Program as of December 6, 2024 ($ millions)	Funds Disbursed since Inception of the Green Bond Program as of March 31, 2024 ($ millions)	Estimated GHG Reductions (CO2 [or equivalent] tonnes / year)	Estimated Energy Savings (kWh / year)	Most Recent Impact Reporting^[2]
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Eglinton Crosstown Light Rail Transit (LRT)	5,300 (2010$)	3,744.7	3,744.7	11,000 starting in 2030	–	2022 Green Bond Newsletter
GO Expansion	13,500 (2014$)	6,265.1	4,930.7	480,000 starting in 2030	–	2024 Green Bond Newsletter
York Viva Bus Rapid Transit	1,400 (2010$)	238.9	238.9	8,800 starting in 2030	–	2018 Green Bond Newsletter
Finch West LRT	2,230 (2019$)	872.7	872.7	17,000 starting in 2030	–	2023 Green Bond Newsletter
Hazel McCallion LRT (formerly Hurontario LRT)	2,966 (2019$)	1,651.0	1,357.8	4,000 starting in 2030	–	2024 Green Bond Newsletter
Ontario Line Subway	10,900 (2020$)	3,478.0	2,459.2	14,000 starting in 2030	–	2024 Green Bond Newsletter
Scarborough Subway Extension	5,500 (2020$)	780.3	562.3	10,000 starting in 2030	–	2024 Green Bond Newsletter
EV ChargeON^[3]	91.0	0.4	0.01	–	–	2024 Green Bond Newsletter
Hamilton LRT^[4]	–	3.0	3.0	–	–	2017 Green Bond Newsletter
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Macdonald Block Reconstruction	1,536.0	670.0	649.1	5,464	25,067,940	2024 Green Bond Newsletter
Michael Garron Hospital	411.0	150.0	150.0	2,197	12,349,413	2023 Green Bond Newsletter
West Park Healthcare Centre	1,200.0	225.0	225.0	3,778	22,754,095	2023 Green Bond Newsletter
Centre for Addiction and Mental Health — Phase 1C Redevelopment	685.0	140.0	140.0	617	8,445,522	2021 Green Bond Newsletter
Cortellucci Vaughan Hospital (formerly Mackenzie Vaughan Hospital)	1,300.0	461.0	461.0	6,027	46,000,558	2021 Green Bond Newsletter
New Toronto Courthouse	956.4	172.1	172.1	475	4,615,567	2023 Green Bond Newsletter
Brockville General Hospital	131.2	40.0	40.0	–	–	2021 Green Bond Newsletter
Groves Memorial Community Hospital	127.5	100.0	100.0	1,072	6,618,032	2020 Green Bond Newsletter
William Osler Health System — Etobicoke General Hospital Phase 1 Patient Tower Project	330.0	70.0	70.0	824	5,804,127	2019 Green Bond Newsletter
Whitby Rail Maintenance Facility	859.2	300.0	300.0	2,093	16,190,769	2019 Green Bond Newsletter
Seneca College King Campus Expansion	70.9	50.4	50.4	569	4,609,000	2019 Green Bond Newsletter
Joseph Brant Hospital — Redevelopment Project Phase 1	353.6	145.0	145.0	4,357	23,360,557	2019 Green Bond Newsletter
St. Joseph’s Healthcare Hamilton — West 5^th Campus	581.0	16.7	16.7	3,568	15,000,000	2018 Green Bond Newsletter
St. Joseph’s Healthcare London (Parkwood) and St. Thomas	830.5	15.6	15.6	3,269	6,600,000	2018 Green Bond Newsletter
Waypoint Centre for Mental Health Care	474.1	6.3	6.3	27	540,000	2018 Green Bond Newsletter
Centre for Addiction and Mental Health — Phase 1B	293.0	3.4	3.4	1,000	20,000,000	2018 Green Bond Newsletter
ErinoakKids Centre for Treatment and Development	163.3	163.3	163.3	1,352	3,091,355	2018 Green Bond Newsletter
Woodstock General Hospital	268.7	4.7	4.7	2,203	3,134,600	2018 Green Bond Newsletter
Sheridan College	67.3	63.7	63.7	33	660,000	2017 Green Bond Newsletter
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Port Lands Flood Protection	1,250.0	400.4	400.4	–	–	2024 Green Bond Newsletter
Footnotes ¹ For Clean Transportation projects, this is referring to the base capital construction costs. For Energy Efficiency & Conservation projects, the "Total Project Cost" represents contract value (the payment(s) to be made by the Sponsor for a P3 project, as defined in the Project Agreement and prior to taking into account inflation). ↵ ² As recommended by the Green Bond Principles, the Province of Ontario reports annually on the use of proceeds and impact reporting statistics, for the projects that received Green Bond funding until full allocation. ↵ ³ Green Bond funding is typically fully disbursed to projects within a period of 6 months prior to and 12 months following the issue of the Green Bond. Green Bond funding was allocated to the EV ChargeON Program from Ontario’s fifteenth Green Bond issued in February 2024, for which the funding window ends on February 28, 2025. Due to ongoing delays in program launch, funding has been re-allocated to the GO Expansion to allow proceeds from the fifteenth Green Bond to be disbursed within the defined funding window. ↵ ⁴ Province announced the cancellation of the procurement for the Hamilton LRT project as of December 16, 2019. ↵

FRAMEWORK CATEGORY BREAKDOWN BY GREEN BONDS

Bar Chart representing the Framework Category Breakdown of the 16 Green Bonds Issued to date

Accessible description of chart: Framework Category Breakdown by Green Bonds

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Green Bond Projects

OVERALL ALLOCATION BY FRAMEWORK CATEGORY

PROJECT FUNDING AND IMPACT REPORTING SUMMARY

FRAMEWORK CATEGORY BREAKDOWN BY GREEN BONDS

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