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TWC Enterprises Ltd T.TWC

Alternate Symbol(s):  CLKXF

TWC Enterprises Limited is a Canada-based company engaged in golf club operations under the trademark ClubLink One Membership More Golf (ClubLink). The Company is the owner, operator and manager of golf clubs with 45.5, 18-hole equivalent championship and 2, 18-hole equivalent academy courses (including three managed properties), at about 35 locations in Ontario, Quebec and Florida. Its segments include Golf Club Operations Segment and Corporate Operations Segment. Its golf clubs are organized in clusters that are located in densely populated metropolitan areas and resort destinations frequented by those who live and work in these areas. It also offers golfers in their region a variety of membership, daily fee, corporate event and resort opportunities. ClubLink also has annual membership programs, and the product offerings include Players Card and Players Club in the Ontario/Quebec region as well as the ClubLink Card in the Florida region.


TSX:TWC - Post by User

Comment by undervalueon Aug 19, 2021 11:37am
146 Views
Post# 33730456

RE:RE:Story on the REM

RE:RE:Story on the REMThe disclosure is available on Sedar. I found it in the 2008 press release regarding the course management being taken over I recall.
The story below outlines the 2 stations. Both are within a 1 km of the property boundry.

REM stations in Ste-Dorothe and le Bigras delayed until 2024

 
 
 
 
 

Pandemic, tunnel snafus, set back finishing $6.5 billion light-rail project

Residents of Laval who are looking forward to getting aboard one of the Rseau express mtropolitain’s new rapid transit trains at future Laval REM stations in Sainte-Dorothe and on le Bigras will have to wait another four years, according to REM officials who delivered a progress report last week on the multi-billion-dollar project.

During an online meeting with media, CDPQ Infra and REM project managers went over the work completed in 2020. They presented a revised schedule that takes into account the impact of COVID-19, as well as two major issues identified as problematic in the Mount Royal Tunnel during its modernization for REM train traffic.

Valuable time lost

REM construction is spread out over more than 20 construction sites across the greater Montreal region, with more than 2,000 workers and professionals on the job. According to CDPQ Infra, major milestones were reached in 2020, with the launch of Alice – a tunnel boring machine – toward the airport and the arrival of the first four REM cars.

The REM segment up to Deux-Montagnes, which includes REM stations in Sainte-Dorothe and on le Bigras, will only be put into service in the fall of 2024, instead of late 2023

Following a COVID-19-related analysis conducted in the last few months, said REM officials, a work shutdown period in early spring, with the implementation of health measures due to the pandemic, together with the impact on the mobility of a specialized workforce, and the impact on the supply chain, resulted in an overall delay of approximately three to six months for all REM construction sites.

Making up for lost time

CDPQ Infra says teams are working diligently to find ways to make up for lost time. While the pandemic is still ongoing, the company says the REM project office continues to closely monitor the situation with relevant authorities.

According to the company, the complete closure of the Mount Royal Tunnel last May made it possible to begin construction work required to modernize the century-old tunnel and add two stations in the heart of Mount Royal. However, acquiring full and safe access to the tunnel led the construction crews to identify two major and unforeseen safety issues.

Tunnel incident last July

On July 20, as excavations began inside the Mount Royal Tunnel, an unexpected detonation occurred. Work was immediately suspended and no workers were injured, said the company. However, an investigation and enquiry revealed the most likely cause was that REM workers had inadvertently hit upon an old bore hole containing an explosive charge dating back to tunnel construction in 1912.

In conjunction with experts and researchers, strict measures, approved by the Commission des normes de l’quit, de la sant et de la scurit du travail (CNESST), were established in order to safely resume the tunnel work in early November, said CDPQ Infra. The measures included observing worker exclusion zones during drilling activities and using remote-controlled equipment to ensure the safety of all on-site personnel.

Salt damaged tunnel

But that was not all. While conducting inspections in the tunnel in downtown Montreal, the teams also noted extensive structural degradation of the tunnel walls. Since no waterproofing membranes had been applied over the years, it was noted that de-icing salts used on McGill College Avenue above had infiltrated the concrete and corroded steel columns and beams in the vault, creating an advanced state of decay.

The company said the deterioration called for immediate measures to avoid potential risks to the structural integrity of McGill College Avenue and required major reinforcement work. The tunnel will therefore be reinforced from the inside to ensure it remains structurally sound.

Laval REM stops delayed

CDPQ Infra says the safety issues that arose in the Mount Royal Tunnel are not only slowing activities due to the strict safety measures to be used for drilling 30,000 planned bore holes, but also due to the added task of reinforcing the southern section of the tunnel. Therefore, the REM segment between Central Station and Du Ruisseau Station will only be opened in the fall of 2023, rather than spring 2022.

The company says the delayed work at the Mount Royal Tunnel will also affect opening the West Island, Deux-Montagnes and airport branches, since the tunnel lies in the central segment. The completed REM segment up to Deux-Montagnes, which includes REM stations in Sainte-Dorothe and on le Bigras, will thus only be put into service in the fall of 2024, rather than at the end of 2023 as previously planned.


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