TORONTO—The contract for one of the largest infrastructure projects in Canada’s history has been handed down.
The Eglinton Crosstown LRT project, which will span 25 stops across Eglinton Avenue in Toronto from Mount Dennis to Kennedy Station has been awarded to a consortium of companies made up of SNC-Lavalin, Aecon, EllisDon and ACS Infrastructure Canada. The 19-kilometre LRT will intersect three subway stations, numerous bus routes and several GO stations along one of the busiest travel arteries in the city.
Subject to financial close and execution of the project agreement, the consortium will be responsible for the design, construction, financing, operation, and maintenance of the LRT for a 30-year term. The deal is expected to close by the end of the summer, and construction is expected to commence in early 2016.
“This is a pivotal time for Canada’s nation building, and in particular the unprecedented transit build-out planned over the next decade, said Teri McKibbon, President and Chief Executive Officer of Aecon Group Inc.
The four companies, three of which are based in Canada are equal-share partners in the venture. The remaining payout for the project is about $5-billion.