Monday, March 03, 2014

Aecon partnership recommended for Waterloo Region LRT project

GrandLinq consortium, which is comprised of Plenary Group, Meridiam, Aecon, Kiewit and Keolis, has been recommended for the development of the Region of Waterloo Stage 1 Light Rail Transit Project in Ontario, Canada.


The recommendation is scheduled to be discussed at a Planning and Works Committee meeting on March 4, 2014, and Regional Council is anticipated to make a decision on the preferred proponent team on March 19, 2014.

Subject to being approved as preferred proponent through this process and to successful negotiation of relevant contracts, the GrandLinq consortium will be responsible for the design, build, finance, operation and maintenance of the system. The construction portion of the project consists of a 19-kilometer (12-mile) dual track system from Conestoga Mall in Waterloo to Fairview Park Mall in Kitchener, as well as 16 stations and an operations, maintenance and storage facility.

Upon selection and following contractual and financial close, GrandLinq's design-build team, a partnership between Aecon and Kiewit, will perform the construction portion of the project. Work is anticipated to commence in the second quarter of 2014 and is scheduled for completion in 2017.

The value of Aecon's portion of the construction contract is expected to be approximately CA$250 million (US$225 million).

"Aecon has a particular strategic focus on developing transit systems and we look forward to being a part of the region's sustainable solution for transportation," said Teri McKibbon, Aecon's president and chief operating officer.

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