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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
17 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-Lavalin joint venture to manage construction of Edmonton North LRT project

24/10/2011 6:22pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, Oct. 25, 2011 /CNW Telbec/ - SNC-Lavalin is pleased to announce that its 50/50 joint venture partnership with Graham Infrastructure, the North Link Partnership, has been awarded a contract for approximately $300 million by the City of Edmonton for the Edmonton North light rapid transit (LRT) project to provide construction management services, provision of labour, materials and equipment for all construction work, and testing and commissioning of the system for handover to the City.  The North LRT is a 3.3 km extension from the existing Churchill underground station adjacent to City Hall to the site of a proposed new NHL hockey arena and commercial development. The extension will also serve MacEwan University, the Royal Alexandra Hospital and the Kingsway Shopping Mall, and terminate at the Northern Alberta Institute of Technology (NAIT) campus. The extension is an intermediary link from the existing LRT system to an eventual service line north to the City of St. Albert. "This mandate is similar to the work we did on the Canada Line in BC, and to the work currently underway on the Calgary LRT West extension," said Jim Burke, Executive Vice-President, SNC-Lavalin Group Inc. "We are happy to have this opportunity to deliver the same high-quality work in Edmonton, and we're looking forward to working with the City to make this project a success." The initial 700 m of the LRT extension will involve building an underground tunnel from the Churchill LRT station while maintaining regular LRT operations in the existing tunnel.  The remaining 2.6 km are at-grade guideway with three passenger stations to be constructed at MacEwan University, Kingsway/Royal Alexandra Hospital and NAIT. "At Graham we are excited to contribute further to the on-going development in Transportation Infrastructure for the City of Edmonton," said John Connolly, President, Graham Infrastructure. "The SNC-Lavalin / Graham team will build on our previous history of successful project delivery to make this project an outstanding success for all stakeholders and in particular the citizens of Edmonton." Work on the North LRT project began in March 2011 with a scheduled completion date of December 31, 2013. SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. In business since 1911, the Company celebrates its 100(th) anniversary in 2011.  www.snclavalin.com. SNC-LAVALIN CONTACT: _____________________________________________________________________|Media: |Investors: ||__________________________________|__________________________________||Leslie Quinton |Denis Jasmin ||Vice-President, Global Corporate |Vice-President, Investor Relations||Communications |SNC-Lavalin Group Inc. ||SNC-Lavalin Group Inc. |514-393-8000, ext. 7553 ||514-393-8000, ext. 7354 |denis.jasmin@snclavalin.com ||leslie.quinton@snclavalin.com | ||__________________________________|__________________________________|

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