Aecon joins Edmonton infrastructure JV
22 May 2012
Aecon is to form part of a design/build joint venture for the construction of the Northeast Anthony Henday Drive project in Edmonton, Canada.
The Capital City Link General Partnership (CCLGP), comprised of subsidiaries of ACS Infrastructure Canada, Hochtief PPP Solution and Meridiam Infrastructure, form a public private partnership that will design, build, operate, and partially finance the project at an overall value of CAD$ 1.81 billion (US$ 1.77 billion) as part of a 34-year contract.
CCLGP has subcontract the design and construction portion of the Northeast project to a joint venture, in which Aecon has a 22.5% interest. Other partners in the joint venture include Flatiron Constructors, Dragados and Lafarge.
The Northeast project includes the construction of 27 km of six- and eight-lane divided roadway, nine interchanges, two road flyovers, eight rail crossing, and two bridges across the North Saskatchewan River, for a total of 46 bridge structures. Construction will commence in June, with completion scheduled for late 2016.
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