Project|Roads, Tunnels and Bridges
Billy Bishop Toronto City Airport Pedestrian Tunnel
Torys acted for the lenders to Elite Tunnel Group (Macquarie Capital), a shortlisted proponent for the Billy Bishop Toronto City Airport Pedestrian Tunnel PPP project to design, build, finance and maintain a new pedestrian tunnel in Toronto, Ontario.
Constructed within the bedrock 100 feet beneath the surface of Lake Ontario, the tunnel starts on the mainland and runs 853-foot across the Western Gap to the island airport and features four automated sidewalks (two north and two south), which move at a speed of 2.3 km per hour.
The Billy Bishop Airport Pedestrian Tunnel is the first land-link between Toronto's mainland and the island.
Torys acted as counsel with a team that included Jonathan Weisz and Tara Mackay.
Torys also acted on the following in connection with this project:
the lender to Forum Equity Partners in the refinancing of the Billy Bishop Pedestrian Tunnel PPP project in Toronto, Ontario
| Jurisdiction | Toronto |
| Country | Canada |
| Nature of Engagement | Refinance, Procurement, Public-Private Partnerships, Project Finance |
| Government Level | Municipal |
| Procurement Model | DBFM - Design Build Finance Maintain |
| Client | the lenders to Elite Tunnel Group (Macquarie Capital) |
| Client Role | Lender |