Mosaic Transit Group has reached commercial and financial close on the previously disclosed Finch West Light Rail Transit (LRT) project in Toronto. The total contract is valued at USD 2.5 billion, which includes USD 1.2 billion of construction costs. Mosaic Transit Group was previously selected by Metrolinx and Infrastructure Ontario as the preferred proponent for the project.
Mosaic Transit Group includes Aecon, ACS Infrastructure Canada Inc., CRH Canada Group Inc., Dragados Canada Inc. and Dufferin Construction Company – a division of CRH Canada Group Inc.
Mosaic Transit Group will be responsible to design, build, finance and maintain the 11-kilometre LRT that will run in a semi-exclusive lane along Finch Avenue. This consists of a below-grade terminal stop at Humber College; 16 surface stops; as well as an underground interchange station at Keele Street that connects with the new Finch West Subway Station on the Toronto-York Spadina Subway Extension. The project also includes a maintenance and storage facility for the light rail vehicles and other required components, such as trackworks, signaling, communications, and public realm infrastructure.
Share on:
