Internal link
 External link
 Photo
A rendering of the new light rail line - Date/Artist unknown.
12 April 2018
Ontario Picks Preferred Bidder to Build $1.2 Billion Finch West Light Rail

Toronto Ontario - Infrastructure Ontario and Toronto-area transit agency Metrolinx have picked their preferred proponent to build the Finch West Light Rail Transit project in northwest Toronto.
 
The two agencies have tapped the Mosaic Transit Group, led by Aecon Group Inc., ACS Infrastructure Canada Inc., and CRH Canada Group Inc., as the preferred bidder for the 11 kilometre light rail project, Infrastructure Ontario said 12 Apr 2018.
 
Three consortia had been competing for the contract since Infrastructure Ontario launched the request for proposals stage of the procurement process in February of last year.
 
Humber Valley Transit Partners, consisting of SNC-Lavalin Inc., and Graham Group Ltd., and FACT Partners, made of up EllisDon and Bechtel Corp., were the other two teams competing for the approximately $1.2 billion project.
 
The transit line will link Toronto's Finch West Subway Station with Humber College.
 
Plans include 16 surface stops, a below-grade terminus at the college, and one underground station.
 
The construction team will also be responsible for building a maintenance and storage facility for the line's light rail cars.
 
The province and Mosaic Transit are expected to firm up the contract in the coming months, with the financial close and the start of construction expected sometime in the second quarter of this year.
 
Aecon, ACS, and CRH hold equal 33 percent stakes in the project during the construction phase, while Aecon and ACS each own a 50 percent interest in the rail project's 30 year maintenance agreement.
 
The province is expected to release further details about the construction timeline and project costs at financial close.
 
Initial plans schedule construction to wrap up by 2021.
 
Author unknown.

Quoted by OKthePK website
under the provisions in
Section 29 of the Canadian
Copyright Modernization Act.
 Internal link
 Image