There were 262 projects with a total of 35,325 rooms under construction across the country at the end of December. The volume of projects is down 3 percent compared to the fourth quarter of 2021, and the volume of rooms is up 2 percent.

Three shortlisted teams are being asked to submit detailed plans for how they will design and build stations and emergency exit buildings, fit the tunnel with track and signals, and install and commission the systems required for operations.

The Sarjeant Co. Ltd. will receive $400,000 from the province to help fund construction of a new read-mix concrete plant in Parry Sound.

The contract sees the Toronto company work in tandem with New York designers Martha Schwartz Partners to create a public space at the venue.

The proprietary system could one day facilitate the construction of mass timber towers of 100 storeys or more, and which are net carbon zero.