Aecon Group gets Toronto subway extension contract
Written by William C. Vantuono, Editor-in-Chief
Toronto-based Aecon Group Inc. (not to be confused with AECOM) has landed a C$279 million (US$274 million) contract from the Toronto Transit Commission to extend Toronto’s Yonge-University-Spadina subway line on the U-shaped route’s western portion, including the addition of two subway stops at Sheppard West and Finch West.
Part of the contract is a joint venture with McNally Construction, Kiewit Construction, and Aecon Constructors to construct 2.6 kilometers (1.6 miles) of twin tunnel subway track, Aecon Group said. Construction is expected to begin next month and is expected to continue until April 2014.
“This award is an excellent illustration of the strategy and benefits of bringing Aecon Buildings into the Infrastructure group,” said Teri McKibbon, chief executive of Aecon’s Infrastructure group. “Working together with our partners at McNally and Kiewit, this project will be planned and executed by a strong team including Aecon Buildings and Aecon Constructors personnel.”
The subway line extension is one of three planned MoveOntario 2020 projects; Ontario would finance roughly two-thirds of the cost of each project. The Yonge-University-Spadina extension would eventually include six new stations, terminating at the proposed Vaughan Corporate Centre.
