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 06/08/2015 Awarded Eglinton Crosstwon LRT (Canada)

Iridium is awarded the thirty six-year concession for the Eglinton Crosstown LRT Project in Canada, with an investment of 5,500 million canadian dollars. This contract is the largest one promoted by the City of Toronto.

Through its Canadian subsidiarie ACS Infrastructure Canada, Iridium Concesiones has been named Preferred Proponent by Infrastructure Ontario and Metrolinx for the Eglinton Crosstown LRT. The project involves a Design Build Finance and 30-year Maintenance scheme for the procurement of a new 19-km light rail transit system (LRT) in one of the main arteries of Toronto, Eglinton Avenue. The project is the first and biggest of the broader C$12bn program adopted by Metrolinx, the provincial transportation agency, to improve the mobility in the Greater Toronto Area over the course of the next decades.

The project includes 25 stations and stops along the line. The project also includes: the construction of a 22,500 sqm maintenance and storage facility in the western end of the line; the procurement and implementation of all systems, including the train control system; and, the construction of third-party infrastructure for a number of local stakeholders, most notably the City of Toronto. ACSÂ’ team will also be responsible for the integration and maintenance of the fleet of vehicles supplied by Bombardier under a separate procurement.

The construction of the tunnels in the below grade section has been procured separately under two separate contracts, one of which (the eastern portion) was awarded by Metrolinx in 2013 to ACS Group’s Dragados Canada, in joint venture with Canadian contractor – and also member of Crosslinx – Aecon.

Commercial Close and Financial Close are targeted for summer 2015.

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