MONTREAL, Feb. 13, 2013 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased
to announce that the consortium, the Rideau Transit Group Partnership,
of which SNC-Lavalin is a partner, has finalized an agreement with the
City of Ottawa to design, build, finance and maintain the Confederation
Line, the city's first-ever light rail transit system.
In the initial phase of the project, the Rideau Transit Group
Partnership will be responsible for the construction of 12.5 km of
guideway, 10 above-ground stations, three underground stations and a
2.5 km tunnel beneath the downtown core. The consortium will also widen
Highway 417 between Nicholas Street to the Highway 174 split, supply
the light rail transit vehicles, build a maintenance and storage
facility, and provide ongoing maintenance of the system for a 30-year
The Confederation Line is a sustainable and affordable rapid transit
solution that will get passengers to their destinations more quickly,
and significantly relieve pressure on Ottawa's existing traffic
congestion, including its bus infrastructure.
"We and our partners are truly honoured to have been selected to work
with the City of Ottawa to deliver a project that will benefit the
National Capital Region for many decades to come," said Robert G. Card,
President and CEO, SNC-Lavalin Group Inc. "The Confederation light rail
project is transformational in nature and will change the face of
Canada's capital. This landmark project will also provide significant
economic and environmental benefits, resulting in considerable time
savings to commuters and fewer vehicles on the road."
With a construction cost estimated at approximately $1.8 billion, the
Confederation Line represents the biggest capital undertaking in the
history of the City of Ottawa. Work on the Confederation Line and the
widening of Highway 417 will commence in the spring of 2013, with
revenue service anticipated in spring of 2018.
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
For further information:
Leslie Quinton Senior Vice-President, Global Corporate
SNC-Lavalin Group Inc.
514-390-8000, ext. 7354
Denis Jasmin Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-390-8000, ext. 7553