Leading Advisors in Project Finance

  • Bids Submitted for Winnipeg’s Southwest Rapid Transitway Project

    30 March 2016

    Bids for the City of Winnipeg’s Southwest Rapid Transitway Stage 2 project were submitted on 24th March 2016 by three consortia.

    The project, procured by the City of Winnipeg, comprises a 7.6km extension of the rapid transit line between Pembina Highway and Jubilee Avenue to the University of Manitoba, a relocation of a sewer pipe and widening of the Pembina highway and overpass. Construction will take around 3 and a half years, with scheduled completion for the end of 2019.

    In support of Red River Infrastructure Group’s bid, comprising of Ledcor, Flatiron, Hochtief and AECOM, Operis was pleased to provide a model audit of the financial model representing the transaction, which included a review of the model’s tax and accounting treatments.

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