Financial Close Reached on Ottawa's Confederation Line
EllisDon part of consortium awarded city's first Light Rail Transit system contract
MISSISSAUGA, ON, Feb. 13, 2013 /CNW/ - Rideau Transit Group (RTG), the consortium of which EllisDon is a partner of, has reached financial close on the agreement with the City of Ottawa to design, build, finance and maintain the city's first Light Rail Transit (LRT) system. Construction cost is estimated at $1.8 billion and EllisDon is involved in all aspects of the project.
RTG will be responsible for the construction of 12.5 kilometres of guideway, 13 new stations and a 2.5 kilometre tunnel. In addition to the construction, RTG will widen parts of Highway 417, supply the light rail transit vehicles, build a maintenance and storage facility, and provide 30 years of maintenance. Design and construction starts immediately with revenue service expected in spring 2018.
EllisDon has a long and successful history of projects in the Ottawa area and this project solidifies the company's strong presence in the area and its growing commitment to the civil and transit sectors.
"We are proud to partner with the City of Ottawa to deliver a project that will bring great benefits to the city and its residents," said Geoff Smith, President and CEO of EllisDon. "We recognize that the civil infrastructure market is growing and we have structured the company to respond to this need. Reaching financial close on this significant project for the nation's capital establishes EllisDon as a key player in the transportation market."
For more information on Ottawa's Confederation Line, visit www.ottawalightrail.ca.
EllisDon is an employee-owned company that completes in excess of $3.1 billion in new construction annually and delivers construction expertise to clients throughout the world. The company offers not only construction and project management services but now a growing range of construction services in risk management, sustainability and technology. For more information, please visit www.ellisdon.com.
Rishma Mangat EllisDon Corporation Phone: (905) 896-8900 Fax: (905) 896-8911
89 Queensway Ave West Suite 800 Mississauga, Ontario L5B 2V2 www.ellisdon.com
SOURCE: EllisDon Corporation
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CO: EllisDon Corporation ST: Ontario NI: CST ORDER
-0- Feb/13/2013 16:49 GMT