TSX:ARE - Post Discussion
Post by
Possibleidiot01 on Jan 22, 2024 7:03am
contract not won
Italy’s Webuild Awarded Deal on Ontario’s New Transit System
Flavia Rotondi, Bloomberg News
A GO Transit train enters Union Station in Toronto, Ontario, Canada, on Thursday, June 17, 2021. Verster said he believes the pandemic will reshape travel patterns for years, a challenge for Metrolinx, which has plans to spend about C$75 billion ($60.4 billion) over a decade on subways, light rail and other transit projects. Photographer: Della Rollins/Bloomberg , Bloomberg
(Bloomberg) -- Italy’s Webuild Group and Spain’s Fomento de Construcciones y Contratas SA have been awarded a contract to build part of a new rapid transit line that is being built in Toronto.
The deal is worth €700 million–€1.3 billion ($1.42 billion) to the 50:50 joint venture, according to a Webuild statement on Sunday.
The Ontario Line is a 15.6 kilometer line crossing the city, with half the link running underground through new tunnels and other parts using elevated sections of track.
The joint venture will handle the construction of 3 kilometers of twin tunnels and two of the proposed underground stations. Webuild is already working on another part of the project.
Last week, Webuild won a $4.7 billion contract from Saudi Arabia’s Neom to construct three dams.
Be the first to comment on this post