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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 Gabrielon Jan 11, 2025 9:09am
131 Views
Post# 36399289

LRT QuebecC to be procured under progressive design

LRT QuebecC to be procured under progressive designhttps://cdpqinfra.com/sites/cdpqinfrad8/files/2024-12/Avis%20au%20march%C3%A9_%20CIT%C3%89_19_d%C3%A9cembre_EN-Final.pdf

The TramCit project in Qubec City, officially known as the Circuit Intgr De Transport Express (CIT), is an ambitious public transit initiative led by CDPQ Infra. The project is planned to be implemented in three phases, with the following estimated budgets:
 

Phase 1: This phase includes a 19 km tramway line from Le Gendre to Charlesbourg, passing through key areas such as Sainte-Foy, Universit Laval, Colline Parlementaire, and Saint-Roch. The estimated cost for this phase is $7.6 billion, with an expected completion and service commencement by 2033.

Phase 2: Extending the tramway with a branch to D’Estimauville, this phase is scheduled for construction between 2030 and 2035. The specific budget for this phase is part of the overall project cost.

Phase 3: This phase includes a branch line to Lebourgneuf and a 7 km tramway line from downtown Qubec City to downtown Lvis via a tunnel under the St. Lawrence River. The estimated cost for the tramway components in this phase is $4 billion, with construction expected to begin around 2035.

 

The total estimated cost for the tramway components across all phases is approximately $11 billion (in 2024 dollars). Additionally, the CIT plan includes over 35 km of bus rapid transit (BRT) corridors, bringing the combined estimated cost for both tramway and BRT components to $14.7 billion.

 

These investments aim to enhance public transit infrastructure, reduce traffic congestion, and promote sustainable urban mobility in the Qubec City region.

 
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