TORONTO, Dec. 8, 2015 /CNW/ - The City of Edmonton has named TransEd Partners the preferred proponent to design, build, finance, operate, maintain and supply vehicles for the Valley Line Light Rail Transit – Stage 1 project. The Valley Line will be delivered using the Public-Private Partnership model. The successful TransEd Partners consortium is made up of Bechtel, Bombardier, EllisDon and Fengate Capital Management.
"TransEd Partners is excited to be working alongside the City of Edmonton on this important project to expand the local LRT network. Our team looks forward to improving the travel options accessible to the citizens of Edmonton in a safe, sustainable, and affordable manner," Mac Bell, Bid Director, TransEd Partners.
The Valley Line LRT is a significant part of the City of Edmonton's transportation plan and will cater to the demands of one of Canada's fastest growing cities, which is expected to increase in size by 50 percent by 2040. The proposed multi-phased, 27-kilometer urban route will ultimately create 25 new stops and 3 stations, serving an estimated 100,000 daily commuters. The line will run southeast to west from Mill Woods to Lewis Farms, crossing through Edmonton's downtown core.
The Valley Line LRT – Stage 1 project encompasses the 13.1-km, 12-stop/1-station portion between Mill Woods and 102 Street, connecting commuters with the Capital Line and Metro Line at Churchill Station. The project is currently on schedule for construction to begin in 2016.
"We feel confident that TransEd Partners shares Edmonton's vision for its future, and is the right partner to bring this vision to life," said Acting City Manager, Linda Cochrane. "The procurement process on this project has been very robust and the final deal is one that offers strong value for taxpayers."
Members of the TransEd Partners team have successfully delivered (and currently maintain and operate) a number of major transportation-related infrastructure projects across Canada and the world. This includes the Ottawa Confederation Line LRT, the New Jersey Transit River Line LRT, the Dublin Luas Line B1 LRT, the Nottingham Express LRT, the Dulles Metrorail Extension (phase 1), and the Eglinton Crosstown LRT.
About TransEd Partners
Bechtel is among the most respected engineering, project management, and construction companies in the world. It stands apart for its ability to get the job done right—no matter how big, how complex, or how remote. Bechtel operates through four global business units that specialize in infrastructure; mining and metals; nuclear, security and environmental; and oil, gas, and chemicals. Since its founding in 1898, Bechtel has worked on more than 25,000 projects in 160 countries on all seven continents. Today, its 58,000 colleagues team with customers, partners, and suppliers on diverse projects in nearly 40 countries. www.bechtel.com
Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signaling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Bombardier Transportation employs around 37,700 people and its products and services operate in over 60 countries.
EllisDon is an industry leading construction services company with approximately 2,500 employees that completes over $3.3 billion in new construction work annually. A forerunner in civil construction and the company's fastest-rising facet, EllisDon's Civil Division has grown to over 600 skilled staff and $10 billion dollars' worth of projects. EllisDon's Civil Division specializes in transit, road, bridge and tunnel projects, and is now Canada's foremost constructor of Light Rail Transit infrastructure systems. For more information, please visit www.ellisdon.com.
Fengate Capital Management Ltd. is an asset management firm in the alternatives sector specializing in the management of customized infrastructure and real estate investment funds for institutional clients. The Firm has approximately $2 billion in assets under management with expertise in infrastructure, commercial real estate and seniors housing. With significant experience in public-private partnerships, independent power projects and real estate developments, Fengate Capital targets high quality investments across North America and select international markets. Since 2007, Fengate Capital has been recognized as one of "Canada's Best Managed Companies".
SOURCE Fengate Capital Management
For further information: Emily Ondercin-Bourne, Public Relations Coordinator, Fengate, firstname.lastname@example.org, Phone: 905.491.6573