Publications

Investors - AUGUST 1, 2019

Bidding for $2.1b Canadian subway project narrows to two

by Kali Persall

The competitive bidding process for a $2.1 billion subway rail project in Vancouver, Canada, has narrowed down to two.

Bidders included SNC-Lavalin, Broadway Connect, and an Acciona Infrastructure and Ghella Canada joint venture. SNC-Lavalin has reportedly dropped out of the running.

The project will extend the existing SkyTrain 3.5 miles from VCC-Clark Station to a new terminus at Arbutus Street, according to British Columbia transportation officials.

The winning PPP will be responsible for $342 million in financing during the five-year construction period, which is scheduled to be complete in 2025, according to Engineering News-Record. The preferred bidder also will be in charge of designing and building the subway line extension.

A winner is scheduled to be selected by mid-2020.

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