TORONTO, Jan. 24, 2024 /CNW/ - Aecon Group Inc. (TSX: ARE) ("Aecon") announced today that ONxpress Operations Inc. ("OOI"), a member of ONxpress Transportation Partners ("ONxpress"), will serve as the new operations and maintenance partner for the GO Transit system in the Greater Golden Horseshoe Area over a 23-year term commencing January 1, 2025. This is an important milestone for ONxpress as part of the ongoing collaborative development phase for the GO Expansion On-Corridor (OnCorr) Works project.
ONxpress is a consortium comprised of Aecon, FCC Construccin S.A. (FCC), Deutsche Bahn International Operations and Alstom. Each partner holds a 25% interest in ONxpress and Aecon Concessions holds a 28% interest in OOI, a partnership with Deutsche Bahn International Operations.
"We are pleased to reach this important milestone and look forward to playing a key role in providing improved and expanded train service across the GO Transit network," said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. "Aecon's role in building, operating and maintaining this project demonstrates our multidisciplinary expertise in delivering complex infrastructure solutions."
Through OOI, ONxpress will operate and maintain the trains, work with Metrolinx on train service planning and in the network operation centre, introduce new operational technology and process solutions, and provide maintenance services for new assets such as electrification and signaling.
Aecon also holds a 50% interest in the project's civil construction partnership with FCC, which is advancing work to finalize another contract by the end of 2024 for the design and construction scope of the OnCorr project. Early construction activities are ongoing and the development phase will conclude upon finalizing this contract.
About GO Expansion
The GO Expansion program will bring faster, more frequent train service by delivering new transit infrastructure and operational plans that will reduce journey times, add capacity, and further improve on-time performance and customer satisfaction. These improvements will create a network that has the capacity to deliver service every 15 minutes or better, in both directions, all day, meaning customers won't need to check a train schedule because they'll know the next one will be coming along soon.