Infrastructure Ontario awards multimillion bridge P3 contract in Canada
Infrastructure Ontario (IO) and the Ministry of Transportation (MTO) have awarded a fixed-price contract of CAD$313.8 million (USD243.8 million) to EllisDon and Coco Paving (EDCO) to design, build and finance the QEW / Credit River Improvement project in the City of Mississauga, Region of Peel, Canada.
The EDCO team includes:
- Developer: EllisDon Capital Inc. and Coco Paving Inc.
- Constructors: EllisDon Capital Inc. and Coco Paving Inc.
- Designers: AECOM Canada Ltd.
- Financial: EllisDon Capital Inc
The QEW / Credit River Improvement project underwent an open, fair and competitive procurement process overseen by a third-party fairness advisor. EDCO submitted the proposal, which delivers the best value for Ontario taxpayers.
The project is being delivered through IO’s design, build and finance Public-Private Partnership (P3) model, which transfers appropriate risks associated with design, construction and financing of the project to the private sector.
EDCO will begin with design work, with construction expected to start in early 2021. Travelers can expect to have full use of the improved highway by mid-2025.
Country news
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