$2.5bn plus investment in Canadian highway projects

Contracts worth a combined value of more than US$2.5billion have been awarded for two major Canadian highway construction projects. Spanish building firm, ACS, has been awarded a US$1.52billion contract to construct a new 27km eight-lane motorway. The contract also includes the operating of the road for 30 years. Meanwhile another Spanish construction firm, Ferrovial, working in association with SNC Lavalin, has been awarded the around US$1billion contract for the 20km extension of the Toronto 407 motorway
April 4, 2012 Read time: 1 min
Contracts worth a combined value of more than US$2.5billion have been awarded for two major Canadian highway construction projects.

Spanish building firm, 917 ACS, has been awarded a US$1.52billion contract to construct a new 27km eight-lane motorway. The contract also includes the operating of the road for 30 years.

Meanwhile another Spanish construction firm, 2717 Ferrovial, working in association with 2482 SNC Lavalin, has been awarded the around US$1billion contract for the 20km extension of the Toronto  407 motorway. The design, construction, financing and maintenance of the road for 30 years, following its scheduled opening in 2015, is all part of the contract. Ferrovial was also awarded the 407 ETR Toronto ring road project in 1999.

For more information on companies in this article

Related Content

  • Slovakia’s D4/R7 zero bypass of Bratislava picks up award
    February 10, 2017
    Slovakia’s D4/R7 zero bypass of Bratislava has picked up the Best Transaction in Europe award given by the UK magazine Project Finance International. The Ministry of Transport and Construction received the award in London in early February. The ministry said that the contract is notable for being the first whereby a project had combined funding from European Union investment and structural funds and the EU fund for strategic investment. World Highways reported in January that construction will start early
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • Vinci picks up Lafonataine Tunnel work
    August 12, 2020
    The renovated tunnel is expected to have about 40 years of life.
    Read More
  • Quebec to build new Mercier Bridge for Montreal city
    May 12, 2017
    The Canadian province of Quebec plans to build a US$219 million bridge across the St Lawrence River alongside the existing Mercier Bridge in the city of Montreal. Provincial government cabinet ministers Pierre Moreau and Geoff Kelley confirmed that a new bridge is forthcoming, but gave schedule for procurement or construction start, according to local media. However, Moreau said the work will begin probably before the new Champlain Bridge is finished at the start of 2019. Construction of the new Champlain B
    Read More

Highlighted Content