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| City of Ottawa and Rideau Transit Group Partnership sign contract agreement to extend existing contractual arrangements SNC-Lavalin (TSX: SNC) announced that the City of Ottawa has exercised the option, under the current contract, to utilize equipment continuity, knowledge and cost efficiencies, and has signed a fixed-price variation agreement worth $349 million with Rideau Transit Group Partnership ("RTG") for the rolling stock and onboard equipment for Stage 2 of the Confederation Line. This contract is part of the Memorandum of Understanding (MOU) ratified by RTG with the City of Ottawa on March 24th, 2017 for a portion of Stage 2 of the Confederation Line for $492 million. The RTG is a consortium composed of SNC-Lavalin, ACS Infrastructure Canada Inc. and EllisDon. The consortium is currently delivering Stage 1 of the Confederation Line in Ottawa and will extend its existing contractual arrangement for Stage 2. “We are proud that the City of Ottawa has extended our scope to ensure the growth of the project and has entrusted us to maintain the Confederation Line’s core assets until 2048”, said Chantal Sorel, Managing Director, Capital, SNC-Lavalin. The Confederation Line is a sustainable and affordable rapid transit solution that will get passengers to their destination more quickly, and significantly relieve pressure on Ottawa's existing public transit system, including its bus infrastructure. The Stage 2 work began in May with the provision of procurement support services and preparatory works at Belfast Yard MSF. That expansion is slated for completion at the end of 2018. write your comments about the article :: © 2017 Construction News :: home page |