English | Spanish | Dutch
Log in

Dragados (of ACS Group) is awarded the €670 million expansion of the Toronto subway

    Danilo Merges
    By Danilo Merges Replies (2)

    Spanish site Bolsamania reports that Spanish company Dragados has been awarded a contract to expand 6 kilometers of Toronto (Canada) subway tunnels. The estimated value of the contract is €670 million, though final amount has not yet been disclosed. In the contract Dragados is part of the consortium with Aecon, Ghella and Typsa.

    Dragados has implemeted infrastructure projects in the past in Canada.

    https://www.bolsamania.com/noticias_amp/empresas/acs-adjudica-ampliacion-metro-toronto-670-millones-euros--7836063.html

    Related to this contract, Italian company Ghella announcement is more nuanced and reports it as the consortium identified as First negotiations proponent for the Eglinton Crosstown West Extension Advance Tunnel project in Toronto:

    Ghella consortium identified as First Negotiations Proponent for the Eglinton Crosstown West Extension Advance Tunnel project in Toronto

    Ghella consortium identifiedas First Negotiations Proponentforthe Eglinton Crosstown West Extension Advance Tunnel projec tin Toronto

    Toronto, Ontario –March  5, 2021: Ghella announced today that West  End  Connectors,a consortium  comprised  of  Aecon Group  Inc.(40%),  Dragados  Canada  Inc.  (40%)  and  Ghella Canada Ltd. (20%),has been identified by Infrastructure Ontario(IO) and Metrolinxas the First Negotiations  Proponent(FNP)  to  design, build  and  financethe  Eglinton  Crosstown  West Extension (ECWE) Advance Tunnel project in Toronto.

    Identification of the FNP is the first step in the negotiations process. Upon successful conclusion of  this  process,  West  End  Connectors  would  proceed  towards Financial Close in the  second quarter of 2021.

    Lorenzo Ghella, Vice President of Ghella said: “The Eglinton Tunnel project is strategic for Toronto  and  its  residents.  We  are  proud  to  have  been  selected  for  this  work  as  part  of  an experienced  and  dynamic  Joint Venture.  Our  skills  and  capabilities  in  underground  works  will contribute to the successful execution of this important sustainable transportation project.We look forward to working with Infrastructure Ontario and Metrolinx to deliver another state of the art infrastructure for the city of Toronto.”

    Founded in 1894,Ghellais a leading Company in the construction of major infrastructure projects worldwide, mainly in Europe, the   Americas, Oceania and Far East. With its unique skills and experience in underground works, Ghella is involved in the construction of subways, railways, motorways, major roads and significant water and hydraulic works. The use of modern technologies, development of innovative productive methods combined with the highest attention to safety and environmental requirements, have enabled Ghella to complete complex engineering works that have contributed to the Company’s dynamic and steady growth as well as the social and economic development of the territories in which it operates.

    https://www.ghella.com/en/media/news/ghella-consortium-identified-first-negotiations-proponent-eglinton-crosstown-west

    image

    image