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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Post by Dibah420on Dec 08, 2023 12:14pm
125 Views
Post# 35775080

Eglinton LRT Delays

Eglinton LRT Delays

Still no opening date for years-delayed Eglinton Crosstown LRT

The progress update will also include a station tour.

1 min to read
Article was updated 
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Eglinton-LRT

The Eglinton LRT has been under construction for more than a decade. 

 
 

There is still no opening date for the years-delayed Eglinton Crosstown LRT, Metrolinx CEO Phil Verster told reporters Friday.

“We are in the last stages towards completion of the Eglinton Crosstown,” Verster told reporters Friday

He reiterated that Metrolinx will declare an opening date for the project three months before opening day.

ARTICLE CONTINUES BELOW

“We are not there yet,” Verster said.

A media advisory sent Monday said Verster, Phil Taberner, vice-president of the Crosstown project, and Bill Gifford, president of Crosslinx Transit Solutions, will speak to reporters at 9 a.m. at Eglinton Station.

The progress update will also include a station tour.

The Eglinton Crosstown LRT has been under construction for more than a decade and was initially set to open in 2020, but has been pushed back several times.

 
 

On November 30, Verster told the transit agency's board that Metrolinx will announce an opening date for the LRT three months before opening day, but "we are not there yet."

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“We are making sure everything is built right and operates correctly and safely,” Verster added. He said Crosslinx, the construction consortium building the transit line, is still finding issues that must be fixed before the LRT can open.

In September, Verster said construction of the LRT was 97 per cent complete but work needed to be done, especially at Eglinton station — the site of Friday's update. Metrolinx has repeatedly cited issues with the existing TTC infrastructure at Eglinton as a major reason for the LRT's delays.

ARTICLE CONTINUES BELOW
 

This is a developing story.


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