British engineering and construction firm Keltbray Group and infrastructure development company Aecon have entered a memorandum of understanding to set up a joint venture in Canada to target contract opportunities on major rail overhead line electrification works. The joint venture will be formed when the contract opportunities become available.
For Keltbray, the move is aimed not only at taking advantage of Canada’s significant rail electrification projects, but also at limiting the impact of reduced electrification work in the UK. Keltbray has already established a team of 10 people in Canada that is now planning for future tenders and works.
“We at Aecon are absolutely delighted in our new joint venture with UK partners Keltbray. The businesses complement each other in both knowledge and expertise, and will undoubtedly form an integral part in assisting Infrastructure Ontario with delivering the $11.bn of rail overhead contact system electrification works across Canada over the next ten years,” Aecon Rail Electrification Director for Canada, Dean Frazer, said.
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