The ACS Group is awarded the project for the new Eglinton Crosstown light metro line in Toronto, Canada
The new 19-kilometre line runs through one of the main arteries of the city of Toronto, Eglinton Avenue. The project is part of a USD 12 billion transport infrastructure plan implemented by Metrolinx, the provincial transport agency, to improve mobility in the metropolitan area of Toronto.
The project includes 25 underground stations and ground-level stops along the route, the workshops and depots (with a size of 22,500 square metres), the supply and integration of all the systems (including the signalling system and control of vehicles on the line) and the construction of complementary infrastructure for other entities and public administrations, mainly the Council of Toronto. Additionally, the ACS Group will be responsible for the integration and maintenance of the fleet of vehicles supplied by Bombardier directly to Metrolinx, as part of an independent agreement.
The construction of the tunnels for the underground stretch has been put out to tender independently through two contracts, one of which was awarded in 2013 by Metrolinx to Dragados Canada in temporary joint venture with the Canadian construction group Aecon, also a member of the consortium.
The winning consortium is formed by the ACS Group, through its subsidiaries Iridium (ACS Infrastructure Canada) and Dragados Canada, along with Aecon, EllisDon and SNC-Lavalin.
The funding will be a mixed one and made up of both public funds and private funding, and the commercial and financial closures are scheduled for this summer, 2015.
Consolidation of the ACS Group in the North American concession market
The award of the contract for the Eglinton Crosstown light metro constitutes an essential step for the consolidation of the ACS Group in the North American concession market and, in particular, its presence in Canada. This new infrastructure is preceded by the recent allocations of the New Bridge over the St. Lawrence River in Montreal (April 2015), the Portsmouth Bypass motorway in the State of Ohio (whose financial closure was completed on 9 April 2015) and the SH 288 motorway in the State of Texas (awarded in February 2015).
Iridium's portfolio of projects in North America, through ACS Infrastructure Canada and ACS Infrastructure Development, includes 10 projects with an investment value of over USD 17 billion (EUR 13 billion). In addition to those mentioned above, the list is completed with the A-30 motorway, in Montreal; the I-595 Express motorway, in Florida; the South Fraser Perimeter Road, in Vancouver; the Rt. Hon. Herb Gray Parkway, in Ontario; the closure of the Edmonton (North East Anthony Henday) ring road, in Alberta; and the new light metro line, in Ottawa.
Furthermore, the ACS Group occupies first place in the ranking of international constructors drafted by the Engineering News Record publication and, since 1994, it has held top spot in the international ranking of investors in infrastructure, developed by the Public Works Financing publication.