Aecon consortium selected as Eglinton Crosstown preferred bidder

Written by Jenifer Nunez, assistant editor
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Metrolinx continues to make progress on Eglinton Crosstown Light Rail project.
Metrolinx

An Aecon Group Inc. consortium, Crosslinx Transit Solutions, has been selected by Metrolinx and Infrastructure Ontario as the preferred proponent for the development of the Eglinton Crosstown Light Rail Transit project in Toronto.

 

Crosslinx is comprised of Aecon, ACS Infrastructure Canada, EllisDon and SNC-Lavalin. Each member of the Crosslinx consortium, including related construction and operations and maintenance (O&M) affiliates, is an equal partner with a 25 percent interest in the equity, development, construction and O&M activities of the project.

Crosslinx will be responsible for the design, build, finance, operation, maintenance and lifecycle activities of the 19-kilometer (12-mile) Eglinton Crosstown line for a 30-year term, including 25 stations, an integrated system of trackwork, rolling stock, signaling and communications infrastructure.

Financial close on the project is expected by summer 2015, with construction on the project anticipated to start in the first quarter of 2016. Testing and commissioning of the line will be confirmed following financial close.

“This is a pivotal time for Canada’s nation building and, in particular, the unprecedented transit build-out planned over the next decade. For Aecon, this is a historic selection which confirms our strong position in the transit sector and will contribute significantly to Aecon’s continued growth,” said Teri McKibbon, president and chief executive officer of Aecon. “The Eglinton Crosstown project is one of the largest public-private partnerships globally and we are very pleased to be working together with our partners on the full scope of work for this world-class project.”

“For Metrolinx, the Eglinton Crosstown project represents a significant investment in expanded transit for Toronto and a new integrated line that will change the way people travel across the city,” explained Bruce McCuaig, president and CEO of Metrolinx. “We are pleased with the progress we have made and look forward to the next phase of delivering this important project.”

 

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