The Eglinton Crosstown Light Rail project has won gold in the Project Financing category of the 2015 National Awards for Innovation and Excellence in Public-Private Partnerships. The award will be presented on 2 November at the Canadian Council for Public-Private Partnerships’s annual conference.
The Eglinton Crosstown LRT will be one of the largest PPP projects in Canada by the time it is completed in 2021. Once operational, the Crosstown will accommodate more than ten times as many passengers and move up to 60 percent faster than existing bus services.
“Ontario continues to raise the bar as to how governments can use smart financing to deliver highly complex infrastructure projects through public-private partnerships,” said Mark Romoff, President and CEO of Canadian Council for Public-Private Partnerships.
The Eglinton Crosstown Light Rail Transit Project is a partnership of Infrastructure Ontario, Metrolinx, and Crosslinx Transit Solutions General Partnership (a consortium comprising ACS Infrastructure Canada, AECON, EllisDon and SNC-Lavalin). It is the first transit project to receive funding through green bonds for environmentally friendly infrastructure. The LRT will allow thousands of commuters to take a convenient, low-emissions transit option every day.
Share on:
