The Government of British Columbia in Canada has awarded a contract to deliver the Broadway Subway PPP Project in Vancouver. The contract was awarded to the Broadway Subway Project Corporation, an Acciona-Ghella joint venture. The Broadway Subway will provide fast and frequent SkyTrain service to B.C.’s second-largest jobs centre, health-care services, an emerging innovation and research hub, and growing residential communities.
The contract with the Broadway Subway Project Corporation to design, construct and partially finance the Broadway Subway Project is valued at CAD 1.73 billion (USD 1.32 billion). Construction will begin in fall 2020, with the line in service in 2025.
The Broadway Subway is a 5.7-kilometre extension of the Millennium Line from VCC-Clark Station to Broadway and Arbutus in Vancouver. Six new underground stations will connect communities and neighbourhoods to make it easier and more affordable to live, work, shop and access services along Broadway.
Once opened, the commute from VCC-Clark to Arbutus Station will take 11 minutes, saving the average transit commuter almost 30 minutes a day and relieving traffic congestion along Broadway.
Transportation Investment Corporation (TI Corp) is leading the delivery of the Broadway Subway Project on behalf of the Ministry of Transportation and Infrastructure. TI Corp will provide the controls, practices and other oversight that are essential for this complex project.
The project will be delivered under the Province’s Community Benefits Agreement (CBA). Through the CBA, the project will increase training and apprenticeship opportunities and prioritize hiring locals, Indigenous peoples, women, people with disabilities and other traditionally under-represented groups, including youth, who want to build a career in the skilled trades. BC Infrastructure Benefits is responsible for implementing the CBA for the project and will be the employer for the majority of the skilled workforce on the project.
The Broadway Subway project is a key part of the rapid transit program in Metro Vancouver’s Mayors’ Council 10-Year Vision. The vision is funded by the governments of B.C. and Canada, TransLink and local municipalities.
The full company list of the Acciona-Ghella consortium is:
Financial advisor to Acciona-Ghella consortium was Agentis Capital.
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