11-kilometre, 18-stop system to be completed in 2023
TORONTO - Infrastructure Ontario (IO) and Metrolinx announced today that Mosaic Transit Group (Mosaic) has signed a contract valued at $2.5 billion to design, build, finance and maintain the Finch West Light Rail Transit (LRT) project. Mosaic's successful proposal will deliver the LRT by 2023.
The Alternative Financing and Procurement (AFP) contract, adjusted for inflation, reflects payments during construction, a substantial completion payment and monthly service payments during the 30-year maintenance period.
Mosaic will be responsible to design, build, finance and maintain the 11-kilometre LRT that will run in a semi-exclusive lane along Finch Avenue. This consists of a below-grade terminal stop at Humber College, 16 surface stops, as well as an underground interchange station at Keele Street that connects with the new Finch West Subway Station on the Toronto-York Spadina Subway Extension. The project also includes a maintenance and storage facility for the light rail vehicles and other required components, such as trackworks, signaling, communications, and public infrastructure.
Mosaic's proposal offers a quality design that incorporates Metrolinx's Design Excellence principles for fully accessible and customer-focused stops, upgrades to streetscaping, trail and pedestrian connections and bike lanes.
Prime team members of Mosaic Transit Group includes:
- Applicant Lead: ACS Infrastructure Canada Inc., Aecon Concessions - a division of Aecon Construction Group Inc., CRH Canada Group Inc.
- Construction: Aecon Infrastructure and Management Inc., Dragados Canada Inc., Dufferin Construction Company - a division of CRH Canada Group Inc.
- Design: Arup Canada Inc., Dillon Consulting Limited, DPM Energy Inc., DTAH, Perkins + Will Canada Inc., Sener SES Canada Inc.
- Maintenance: ACS Infrastructure Canada Inc., Aecon O&M - a division of Aecon Construction Group Inc.
- Financial Advisor: RBC Dominion Securities Inc.
As part of preparatory work required before construction starts on the Finch West LRT, Metrolinx began early utility works in 2016. With the contract now awarded, Mosaic, their subcontractors and suppliers will mobilize resources to begin construction in fall 2018.
Mosaic submitted the proposal that delivers the best value for the people of Ontario. Selection of their proposal was the result of a comprehensive, open, fair and competitive procurement process observed by a third party fairness advisor.
- At the peak of construction, Mosaic estimates that approximately 600 workers will work on the project and that 85 per cent of the labour will come from the Greater Toronto Area.
- Projects of this size and complexity carry risks of added costs. The Finch LRT contract and IO's Alternative Financing and Procurement delivery model protects taxpayers by transferring appropriate risks related to design, construction, financing and maintenance of the project to the private sector.
- Metrolinx and IO are working together to deliver the Finch West LRT, which will remain publicly owned, controlled and accountable. The Toronto Transit Commission will operate the LRT, under a separate agreement with the City of Toronto.
- Ontario is making the largest infrastructure investment in hospitals, schools, public transit, roads and bridges in the province's history. To learn more about what's happening in your community, visit Ontario.ca/BuildON.
“Improving public transit is a priority for our government. Public transit is an essential service that connects people with jobs, opportunity and the people and things that matter to them. Finch West is one of the busiest bus routes in the City of Toronto and I am delighted we are moving forward to start construction on this much-needed rapid transit line.”
Kathryn McGarry, Minister of Transportation
“The Finch West LRT will provide fast, efficient and reliable transit for Ontarians. As part of the largest infrastructure investment in the province's history, this significant project will generate economic benefits in the Greater Toronto Area, create jobs, and keep people moving.”
Bob Chiarelli, Minister of Infrastructure
“The Finch West LRT project represents an exciting and significant investment in rapid transit for Toronto, one that provides vital connections to many transit services, linking the communities of Jamestown, Rexdale and Black Creek with downtown Toronto. It will transform how people connect with jobs, friends, and families. We're very pleased Mosaic Transit Group shares that vision and will take us forward on this important project.”
Phil Verster, President and CEO, Metrolinx
“We are pleased to have contracted a partner to deliver this important leg of the region's rapid transit service along the busy Finch West corridor. We look forward to working with Mosaic and Metrolinx to ensure the project's success.”
Ehren Cory, President and CEO, Infrastructure Ontario
Anne Marie Aikins
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