Construction on this project has been deferred (yet, once again lol) to 2023, according to the
project page. It was originally scheduled to start in 2021, then pushed back to 2022, and now pushed back again.
I read somewhere that the reason why they are deferring it, this time, is because they don't want this project to coincide with the Victoria Bridge replacement (which will require a full closure of Ridout St starting this spring until next year). Otherwise, you would have major disruptions to two north/south roads, in a very short distance.