Madrid, 15th April 2018
Iridium, through its subsidiary ACS Infrastructure Canada, has been selected by the Government of the Province of Ontario, through Infrastructure Ontario and Metrolinx entities, as preferred contractor of the concession, for the design, construction, financing and maintenance of the new Finch West light railway line in Toronto, Canada. With a 1.4 billion Canadian dollars initial investment, the consortium will be integrated by Iridium, which participates in a 33% in the concessionaire and 50% in maintenance works, and by local companies Aecon and Dufferin / CRH Group Canada Inc. ACS Group, through Dragados Canada, also participates in a 33% in the construction Works. The idea is the construction to begin in the third quarter of 2018 and start running in the second half of 2023.
The PPP railway Project includes the design, construction, financing and maintenance of the new 11-kilometer line that will run through Finch Avenue, one of the main and most congested arteries of the City of Toronto. Along its route, the line will have 16 surface stops, an underground stop at Humber University, and an underground station-transport hub with connection to the new Finch West metro station, part of the new extension of the Toronto-York-Spadina line.
The contract also includes the construction of garages to repair and lodge the vehicles, the supply and integration of all systems (including the signaling and control of vehicles one), and the construction of complementary infrastructure for other public administrations, mainly Ontario¬ís Ministry of Transports and Toronto¬ís City Hall. ACS Group will also be responsible for the integration and maintenance of the new vehicle fleet, which will be supplied by Alstom through a direct contract with the Province.
The light railway project is framed in a regional transportation infrastructure plan launched by Metrolinx, the provincial transportation agency, to improve mobility in Toronto¬ís metropolitan area. The design and construction of the light railway will generate job opportunities, it will revitalize the residential and commercial development in Finch West Avenue, and it will generate significant benefits such as traffic improvement (resulting in the reduction of greenhouse gas emissions and fuel consumption), as well as commuter¬ís life standards, by improving the frequency of the services, reducing travel times and facilitating modal exchange.