Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 05-Nov-2015

Ontario is one step closer to delivering on the Eglinton Crosstown Light Rail Transit (Crosstown LRT) project to help ease congestion and create thousands of jobs.Metrolinx and Infrastructure Ontario are working together to deliver the Crosstown LRT. The successful proponent, Crosslinx Transit Solutions (Crosslinx), has signed a contract for the construction and maintenance of the project. The value of the contract is approximately $9.1 billion fixed-price and is being delivered using the Alternative Financing and Procurement (AFP) model. A key feature of the LRT contract is a 30-year maintenance agreement which includes funding for lifecycle repair and renewal of building and system components.The AFP delivery model protects taxpayers by transferring significant risks to the private sector and provides the opportunity for innovation in design and construction. For this project, the province benefitted from a rigorous, innovative and competitive procurement process that brought the contract $2 billion under original estimate.

The Crosstown LRT will be delivered by 2021 and will run across Eglinton Avenue between Mount Dennis (Weston Road) and Kennedy Station. The 19-kilometre corridor will include:A 10-kilometre underground portion between Keele Street and Laird Drive.25 stations and stops that will link to bus routes, three subway stations and various GO Transit lines.The construction of the Eglinton Crosstown is part of the largest infrastructure investment in Ontario's history - more than $130 billion over 10 years, which is making 110,000 jobs possible every year on average across Ontario with projects such as roads, bridges, transit systems, schools and hospitals.Ontario's long-term infrastructure plan will help connect regions, develop new economic opportunities and improve quality of life for Ontarians by supporting critical infrastructure projects in cities, towns, and rural and remote communities.

Investing in transit and easing commutes is part of the government's plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.

Go to previous page