-- Largest transit project in
Ontario's history --
TORONTO, April 19,
2022 /CNW/ - Aecon Group Inc. (TSX: ARE) announced
today that ONxpress Transportation Partners ("ONxpress") has been
selected to deliver the transformative GO Expansion On-Corridor
Works project in the Greater Golden Horseshoe Area.
Previously identified as the First Negotiations Proponent,
ONxpress has executed an agreement with Infrastructure Ontario (IO)
and Metrolinx to deliver the multi-billion-dollar project under a
progressive design, build, operate and maintain (DBOM) contract
model. ONxpress is a consortium comprised of Aecon, FCC
Construcción S.A. (FCC), Deutsche Bahn International Operations
GmbH and Alstom. Aecon holds a 50 per cent interest in a civil
joint venture with FCC, which is undertaking the construction, and
a 28 per cent interest in a 25-year operations and maintenance
partnership with Deutsche Bahn International Operations.
The innovative, fully integrated contract begins with a two-year
collaborative development phase to finalize the scope, commercial
structure, and pricing of various elements of the project, with
certain construction and early works activities commencing during
this phase. Operations and maintenance are anticipated to commence
upon completion of this period, and further information on the
contract value and schedule will be disclosed following the
development phase. The project is the culmination of the GO
Expansion program and will electrify and transform the GO Rail
network into a system that will deliver two-way, all-day service
every 15 minutes or less across five core rail corridors in the
Greater Golden Horseshoe Area.
"Aecon is purpose-built with the multidisciplinary expertise,
preeminent execution capabilities and sophisticated processes to
build and operate projects of this magnitude and we look forward to
working with Infrastructure Ontario, Metrolinx and our partners to
deliver this unprecedented and sustainable project," said
Jean-Louis Servranckx, President and
Chief Executive Officer, Aecon Group Inc.
System-wide infrastructure upgrades will include adding 205
kilometres of new track, electrifying 687 kilometres of the rail
network, significant enhancements to platforms and tracks at Union
Station, building new maintenance and storage facilities, and
installing train control and signaling systems to enable more
frequent service. The scope of work will also include upgrading and
constructing new bridges, level crossings, grade separation
structures, drainage systems and significant earthworks.
Upon taking over operations and maintenance responsibilities,
ONxpress will be responsible for providing expanded train service
across the rail network, including major improvements to the
existing timetable planning, operating train services including
crewing, as well as maintenance of fleet, facilities, train control
and electrification systems.
"Through our expertise in delivering complex infrastructure
solutions, we are primed to deliver this world-class project to
modernize operations and service across the GO Rail network," said
Steve Nackan, Executive Vice President and President, Aecon
Concessions. "We are proud to play a key role in one of the largest
infrastructure investments in Canada – while stimulating the economy,
creating well-paying jobs, and more efficiently connecting people
and businesses."
"With increased frequency, faster trains, additional stations
and seamless connections, this critical project will significantly
improve regional rapid transit across Ontario – connecting communities and enabling
future generations to thrive," said Manuel Rivaya, Senior Vice
President, Urban Transportation Solutions, Aecon Group Inc. "Urban
transit infrastructure provides significant opportunities to
decarbonize our economy, and we are proud to continue leading the
industry in the construction and operation of sustainable
infrastructure through a project of this scale."
Join our Team
Build and operate the infrastructure of tomorrow. Aecon is
currently recruiting for a diverse range of construction,
operational and functional service roles to work on the GO
Expansion project. As a first-choice employer, we're looking for
talented and diverse individuals to build what matters and help
future generations thrive. Apply today: aecon.com/careers
About Aecon
As a Canadian leader in construction and infrastructure
development with global expertise, Aecon Group Inc. (TSX: ARE)
strives to be the number one Canadian infrastructure company and is
proud to be recognized as one of the Best Employers in Canada. Aecon safely, profitably, and
sustainably delivers integrated solutions to private and
public-sector clients through its Construction segment in the
Civil, Urban Transportation, Nuclear, Utility, and Industrial
sectors, and provides project development, financing, investment
and management services through its Concessions segment. Join our
online community on Twitter, LinkedIn, Facebook and Instagram
@AeconGroup.
Statement on Forward-Looking
Information
The information in this press release includes certain
forward-looking statements. These forward-looking statements are
based on currently available competitive, financial and economic
data and operating plans but are subject to risks and
uncertainties. In addition to events beyond Aecon's control, there
are factors which could cause actual or future results, performance
or achievements to differ materially from those expressed or
inferred herein, as discussed in greater detail in Section 13 –
"Risk Factors" in the Management's Discussion and Analysis filed on
March 1, 2022. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Aecon undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise, except as required by applicable law.
SOURCE Aecon Group Inc.