TransEd Partners – a consortium made up of EllisDon, Bechtel, Bombardier and Fengate Capital Management – has achieved financial close on the Valley Line LRT Stage 1 project. TransEd Partners was selected by the City of Edmonton in late November as the preferred proponent to design, build, finance, operate, maintain and supply vehicles for the project. The Valley Line LRT Stage 1 project is a Public-Private Partnership (P3) that includes a five-year Design-Build stage and a 30-year operation and maintenance (O&M) term. The contract is valued at $1.8 billion in Net Present Value.
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Infrastructure Ontario and Metrolinx have named Crosslinx Transit Solutions (CTS)— a consortium of equal share partners ACS Infrastructure Canada, Aecon, EllisDon, and SNC-Lavalin— the preferred proponent to design, build, finance, and maintain the Eglinton Crosstown Light Rail Transit (LRT) project using the Alternative Financing and Procurement (AFP) model.
On Thursday, May 15th, the Canadian Business Hall of Fame honoured Don Smith, founder and former president and CEO of EllisDon, as part of its 36th Class of Companion Inductees. This year's class of companions, which also included Mr. Peter M. Brown of Canaccord Genuity and Mr. Emanuele (Lino) Saputo of Saputo Inc., were formally inducted at the 2014 Gala Dinner and Induction Ceremony at the Metro Toronto Convention Centre, Toronto, Ontario.