Green Bond Projects

Overall Allocation by Framework Category

Clean   Transportation*
86%
of funds
 
9 PROJECTS
Energy
Efficiency*
12%
of funds
 
19 PROJECTS
Climate
Change Adaptation*
2%
of funds
 
1 PROJECT

*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 September 5, 2025 ($ millions) Funds Disbursed since Inception of the Green Bond Program as of December 6, 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$)		 3,744.7 3,744.7 11,000
starting in 2030		 – 2022 Green Bond Newsletter
GO Expansion 13,500
(2014$)		 6,984.4 6,195.4 480,000
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 Line (formerly Hurontario LRT) 2,966
(2019$)		 1,877.0 1,651.0 4,000
starting in 2030		 – 2024 Green Bond Newsletter
Ontario Line Subway 10,900
(2020$)		 4,488.7 3,478.0 14,000
starting in 2030		 – 2024 Green Bond Newsletter
Scarborough Subway Extension 5,500
(2020$)		 980.8 780.3 10,000
starting in 2030		 – 2024 Green Bond Newsletter
EV ChargeON[3] 91.0 12.1 0.3 – – 2024 Green Bond Newsletter
Hamilton LRT[4] – 3.0 3.0 – – 2017 Green Bond Newsletter
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Macdonald Block Reconstruction 1,536.0 670.0 670.0 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 5th 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
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 has been extended to August 2025 (formerly 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. ↵
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Framework Category Breakdown by Green Bonds

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Accessible description of chart: Framework Category Breakdown by Green Bonds

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