TORONTO, Dec. 17, 2012 /CNW/ - Today, Infrastructure Ontario released a
request for proposals (RFP) inviting pre-qualified buyers to submit
formal proposals to purchase, manage and operate Ontera, the first of
the Ontario Northland Transportation Commission (ONTC) business lines
to be put up for sale.
The sale of Ontera will help provide further private sector investment
to Northern Ontario where Ontera offers local and long-distance
telephone service and cellular and internet service to homes and
The successful buyer must comply with the Canadian Radio-Television
Telecommunications Commission (CRTC) regulations with respect to
mandatory service obligations.
Buyers who pre-qualified in the first step of the sales process - the
request for qualifications stage - were approved by the ONTC board for
participation in the request for proposals. In their proposals,
pre-qualified buyers will be required to commit to key conditions of
the request for proposals, including regulatory service requirements.
Once proposals are received, Infrastructure Ontario, the Ministry of
Northern Development and Mines, and the ONTC will evaluate the bids,
choose one or more preferred proposals, and then negotiate a final
contract. The process will be overseen by a fairness monitor and the
successful buyer will be announced in spring 2013.
The sales process implemented by Infrastructure Ontario is competitive
and fair and ensures the buyer selected for Ontera is best able to meet
"Today marks another step forward in the divestment of the ONTC, and
towards our goal of ensuring sustainable transportation and
telecommunications services in the North - now and in the future," said
Rick Bartolucci, Minister of Northern Development and Mines. "This
thorough and competitive sales process will ensure the buyer selected
for Ontera is best able to meet our priorities to deliver
telecommunications services, stimulate the economy, sustain jobs, and
provide value for taxpayers."
Infrastructure Ontario is working with the ONTC and the Ministry of
Northern Development and Mines to implement ONTC's entire divestment
Infrastructure Ontario (IO) is a Crown agency of the Province of Ontario that delivers large,
complex infrastructure renewal projects on time and on budget. Over the
last six years, the province has applied the Alternative Financing and
Procurement (AFP) model to 79 major projects valued at approximately
$30 billion dollars. To date, AFP projects have provided taxpayers with
an estimated savings of $3 billion dollars. IO also manages one of the
largest real estate portfolios in Canada, provides municipalities and
eligible public sector clients with financing to renew public
infrastructure, and leverages its private-sector expertise to manage
major commercial transactions on behalf of the province.
Learn more about Infrastructure Ontario at www.infrastructureontario.ca.
Get answers to frequently asked questions at ONTC's website.
Disponible en français
SOURCE: Infrastructure Ontario
For further information:
Paulette den Elzen
Minister's Office, Ministry of Northern Development and Mines