Financial close reached on Ontario’s Highway 401 expansion

Financial close has been reached by the West Corridor Constructors consortium on the US$494.46 million Highway 401 Expansion project near Toronto, Canada. West Corridor Constructors consists of Canadian construction firm Aecon which holds 50%, US-based building products firm Amico, which holds 20%, and US-based infrastructure engineering firm Parson, which holds 30%. The Highway 401 Expansion is a redevelopment and widening project between Regional Road 25 in the towns of Milton and Credit River in th
May 2, 2019 Read time: 1 min
Financial close has been reached by the West Corridor Constructors consortium on the US$494.46 million Highway 401 Expansion project near Toronto, Canada.


West Corridor Constructors consists of Canadian construction firm Aecon which holds 50%, US-based building products firm Amico, which holds 20%, and US-based infrastructure engineering firm Parson, which holds 30%.

The Highway 401 Expansion is a redevelopment and widening project between Regional Road 25 in the towns of Milton and Credit River in the Mississauga area. It comprises two core collector systems of 12 lanes and two 10-lane segments, plus median high occupancy vehicle (HOV) lanes.

Work involves culvert replacements, bridge reconstruction and replacement, ecological restoration and drainage and utilities.

Construction is scheduled to start by the end of the year and take three years.

Finance & Funding

Related Content

  • Malaysia’s West Coast Expressway gets project finances in order
    July 2, 2015
    Malaysia’s West Coast Expressway company has reported that it will inject nearly US$425 million into its West Coast Expressway project. Total cost of the West Coast Expressway, which will stretch 233km between Banting in Selangor state and Taiping in Perak state on the Malaysian peninsula, is expected to be around $1.56 billion. The highway will be built over five years as a build-operate-transfer project with a concession of 50 years, The Star newspaper reported in February 2014.
    Read More
  • US$2.1 billion Louisiana bridge deal for partners
    February 2, 2024
    A US$2.1 billion Louisiana bridge deal has been won by Sacyr, Acciona and Plenary Americas.
    Read More
  • Massey Tunnel project to be Design-Build-Finance-Operate-Maintain
    January 25, 2016
    The provincial British Columbia government in western Canada has chosen a Design-Build-Finance-Operate-Maintain (DBFOM) procurement model for the Vancouver region’s 10-lane bridge replacement for the ageing Massey Tunnel. The US$2.5 billion project includes a bridge and related Highway 99 improvements between Bridgeport Road in the adjacent city of Richmond and Highway 91 in the city of Delta. The 60-year-old tunnel now carries its limit of 80,000 vehicles a day and is often congested during rush hours.
    Read More
  • Moldova gets EBRD loan for M1, M2 upgrades
    August 28, 2023
    The work will enhance transport connectivity by strengthening core transport links with a focus on the pan-European TEN-T network.
    Read More

Highlighted Content