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Infrastructure Ontario (IO) and the Ministry of Transportation (MTO) have selected LINK 427 as the preferred proponent to design, build, finance and maintain the Highway 427 Expansion project.
LINK 427's team includes:
The selection of LINK 427 is the result of an open, fair and competitive procurement process overseen by a third party fairness advisor.
IO and MTO will now begin finalizing contract details with LINK 427. The project cost and schedule are expected to be announced in March 2017, with design and construction to begin shortly after.
The Highway 427 Expansion project includes a new 6.6-kilometre extension from Highway 7 to Major Mackenzie Drive and a 4-kilometre road widening from Finch Avenue to Highway 7.
Ontario is making the largest infrastructure investment in hospitals, schools, public transit, roads and bridges in the province's history.
Northleaf Capital Partners has announced that it has held the final closing for its second OECD-focused pooled infrastructure fund, Northleaf Infrastructure Capital Partners II (NICP II), at its US$950 million hard cap.
Read moreThe City of Ottawa (Canada) is planning for US$3 billion in expansions to its Trillium light rail system using public-private partnerships (PPPs).
Read moreInfrastructure Ontario (IO) and Metrolinx have issued a Request for Proposals to two prequalified teams to design, build and finance the Cooksville Station project.
Read moreAMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
Read moreMcMaster University, a public research university located in Hamilton, Ontario (Canada), has selected Vaughan-based developer Textbook Suites as preferred bidder for the the design, build, finance and management of a new graduate student residence (GSR) under the PPP model.
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