STRABAG SE, the publicly listed European-based technology group for construction services, has had an infrastructure contract in Toronto awarded to its Canadian subsidiary. The scope of the work includes the construction of a 180 m long tunnel under Highway 401 to accommodate two tracks operated by Ontario's public transport agency Metrolinx. The full investment volume amounts to about € 77 million.

This design-build-finance contract will be executed under a 50:50 joint venture with EllisDon Capital Inc., a PPP project specialist in the Canadian market. The works are scheduled to last until mid-2021. 'We have been operating in Canada since 2005 and are looking forward to applying one of our core competencies - tunnelling - to this PPP project,' says Thomas Birtel, CEO of STRABAG SE.

Strabag SE published this content on 17 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2018 09:04:07 UTC.