Comment 118664

By matthewsweet (registered) | Posted May 17, 2016 at 10:55:18 in reply to Comment 118614

ION will be operated through GrandLinq. From the website:

In March 2014, GrandLinq was selected as the Region’s public-private partner for ION Stage 1 LRT. GrandLinq brings international experience to the design, build, finance, operations and maintenance of ION Stage 1 LRT. The organization is made up of key team members including Plenary Group, Meridiam Infrastructure, Aecon, Kiewit and Keolis. In the selection of GrandLinq, numerous Region staff and consultants including Infrastructure Ontario, Deloitte, Parsons Brinckerhoff and Norton Rose carefully evaluated each of the proposals submitted based on both their financial and technical specifications. Infrastructure Ontario and the Fairness Monitor (P1 Consulting) worked closely with the Region throughout the year long process to ensure each proposal was evaluated in a transparent, fair and consistent manner. ION remains on-time, on budget and the costs remain affordable based on the Region’s approved funding strategy. GrandLinq will focus on having the system in operation as early as possible, while minimizing traffic impacts during construction. The operating contract with GrandLinq is for 10 years with possible extensions. The maintenance contract is for 30 years. Public-Private Partnerships are a proven and widely used approach for large infrastructure projects in Canada. They engage the expertise and innovation of the private sector. They also transfer a major share of the risks to the private sector so taxpayers are not responsible for cost overruns, delays or performance issues over the life of the agreement.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools