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: For the full article click here
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