Windsor Star

$1-BILLION DEAL

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The province said Thursday it has quietly extended a deal with the firm that runs its electronic land registry system, Teranet, for another 50 years.

Ontario will take in $1 billion from Borealis Infrastruc­ture, an investment unit of OMERS, later this year and will begin collecting annual royalties of approximat­ely $50 million in 201718.

In signing the deal, Duncan opted to forgo competitiv­e bids on the contract when it expired in 2017.

On Thursday, he acknowledg­ed the decision could open the government to criticism. The McGuinty Liberals have pledged to reduce sole sourcing in agencies under their control, after rampant abuse of the practice was exposed at eHealth Ontario and an array of hospitals.

Revenues from the Teranet deal will go toward Ontario’s ballooning debt.

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