Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Aug 16, 2024 3:45am
147 Views
Post# 36181969

Surrey-Langley SkyTrain

Surrey-Langley SkyTrain
Open this photo in gallery:

The Skytrain runs in Burnaby, B.C., on April 14, 2020. The total costs of building the Surrey-Langley SkyTrain, a 16-kilometre-long project to connect two fast-growing cities in B.C., have soared 50 per cent to just under $6-billion and the completion date has been delayed for a year.JONATHAN HAYWARD/THE CANADIAN PRESS

1 COMMENTS
LISTEN TO THIS ARTICLE

The total cost of building the Surrey-Langley SkyTrain extension in Metro Vancouver has soared by $2-billion and the project has been delayed for a year.

The Transportation Ministry says in a statement the budget of the 16-kilometre extension of the SkyTrain into Langley is now estimated at $5.996-billion, up from the original $4-billion projected.

The project was to be moving passengers in 2028, but the ministry now says it is expected to be in service in late 2029, with the delays attributed to the “current market climate.”

The ministry says the project is being built during a time of “significant market challenges” in B.C., and the costs of the project reflect rising inflation and labour-market challenges.

Once completed, the ministry says the commute from Langley into downtown Vancouver would be just over an hour.

The ballooning costs drew criticism from B.C. Conservative Leader John Rustad, who says the $2-billion increase is an “absolute disgrace,” and shows the NDP government’s inability to manage a major infrastructure project.


<< Previous
Bullboard Posts
Next >>