Bids were submitted for the Eglinton Crosstown Light Rail Transit (LRT) project in Toronto, Canada on February 19, 2015.
The winning bidder will earn the right to build and operate the proposed new Crosstown LRT running down Eglinton Avenue. The Crosstown, which is part of a Metrolinx initiative to improve public transport links in and around Toronto, is the biggest investment into public transport in the history of Toronto. The railway, estimated to be completed in 2020, will run 19km through the centre of Toronto, and will include a 10km underground section.
The preferred proponent is expected to be announced in approximately 3 months time.
In support of the Crosstown Transit Partners consortium, comprising Fengate Capital Management, OHL Concesiones, STRABAG, Bechtel and Obayashi, Operis were pleased to undertake a full audit of the financial model, including a review of the model’s tax and accounting.