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TORONTO, March 27, 2015 /CNW/ - Bird Construction Inc. announced today that it is part of a joint venture that executed a design and construction contract with Plenary Infrastructure ERMF GP Inc. to design and construct the East Rail Maintenance Facility for GO Transit. On January 22, 2015 Bird announced that it was part of the consortium selected as the preferred proponent for the project. Since that announcement, the consortium has reached financial close.
The East Rail Maintenance Facility, located in Whitby, Ontario, will consist of approximately 500,000 square feet of building space, fuel storage, approximately 16 kilometres of rail track and other infrastructure that will provide maintenance, repair and additional storage for GO trains in support of GO Transit's planned service expansion. Design and construction will commence in spring 2015 with a scheduled completion date in late 2017.
In addition to its role as the managing partner of the construction joint venture, Bird will take a minority equity interest in Plenary Infrastructure ERMF GP Inc, the consortium responsible for the design, construction, financing and maintenance of the facility.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
For further information: I.J. Boyd, President & C.E.O or S.R. Entwistle, C.F.O, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: (905) 602-4122, Fax: (905) 602-1516