SNC-Lavalin consortium awarded Evergreen Line rapid transit project in Metro Vancouver
MONTREAL, Jan. 31, 2013 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that its consortium, EGRT Construction, has signed a design, build and finance agreement with the Province of British Columbia for the Evergreen Line rapid transit project in Metro Vancouver. EGRT Construction is led by SNC-Lavalin Constructors (Pacific) Inc., the design-build contractor, and includes a joint venture between SNC-Lavalin Constructors (Western) Inc. and Graham Building Service.
The Evergreen Line will link the Tri-Cities area to the existing Millennium Line for the first time through rapid transit. The new system is expected to support community growth and development along the route and near the stations by providing better transit connections between regional centres and downtown Vancouver.
The construction cost for the Evergreen Line is estimated at $889 million. EGRT Construction will be responsible for the construction of elevated and at-grade guideways, a two-kilometre bored tunnel, seven stations, power substations, train operating systems, parking facilities, and a vehicle storage and light maintenance facility.
"We are honoured to have been selected for a project which will greatly enhance Metro Vancouver's world-class mass transit network," said Robert Card, President and CEO, SNC-Lavalin Group Inc. "We are also pleased to be working with the Government of BC to once again deliver a sustainable rapid transit system that will link communities in the northeast sector to downtown Vancouver."
Work on the Evergreen Line will begin in February 2013, with completion expected for the summer of 2016.
SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries. www.snclavalin.com.
SOURCE: SNC-LAVALINFor further information:
Senior Vice-President, Global Corporate
SNC-Lavalin Group Inc.
514-390-8000, ext. 7354
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-390-8000, ext. 7553