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Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.


TSX:ATRL - Post by User

Post by Gabrielon Oct 01, 2022 11:43am
254 Views
Post# 34999364

On Eglinton - what we knew as of last December

On Eglinton - what we knew as of last December

What we know:

1. The revised budget is 9.1B, up from 8.25B;
2. A 325m partial settlement was reached in dec 2021.
3. We won a COVID claim in court in June 2021 but Metrolinx and Infrastructure Ontario continue to strongly disagree with any finding of claim entitlement for COVID-19 causes under the CTS Project Agreement and are appealing the court’s decision.

4. The Eglinton Crosstown Line is progressing well and was nearing completion in December 2021. The rail vehicles have been delivered and were being tested on the line. The last parts of the track were installed last November and the stations work was proceeding to completion.

5. The testing of the rail vehicles continued into 2022, along with the installation of the train signals and communications systems that enable safe train movements.

6. Under the settlement agreement, CTS has committed to substantially complete the project’s construction and systems scope by the end of September 2022.

7. Per the owner: These large transit projects are very complex with significant delivery and schedule risks. While challenging, the Eglinton Crosstown Line is both a hugely exciting and a very significant transit addition in the city.


https://www.infrastructureontario.ca/Media-Statement-Solutions-settle-COVID-Eglinton-Crosstown-Line-moves-forward/

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