February 12, 2013
Torys acted as counsel to the lenders to Rideau Transit Group (ACS Infrastructure Canada/SNC-Lavalin/EllisDon), the successful proponent for the C$1.8 billion Ottawa Light Rail Transit PPP project to design, build, finance and maintain the first phase of a new light rail transit system in Ottawa, Ontario.
Photo courtesy of Rideau Transit Group (RTG).
|Procurement Model:||DBFM - Design Build Finance Maintain|
|Client Name:||the lenders to Rideau Transit Group (ACS Infrastructure Canada/SNC-Lavalin/EllisDon)|
|Project Value:||$1,800,000,000 CAD|
The project won Project Finance’s 2013 North American PPP Deal of the Year Award.
The Ottawa LRT project, also known as the Confederation line, is Ottawa's most significant infrastructure investment since the building of the Rideau Canal. It included:
On February 12, 2013, Rideau Transit Group (ACS Infrastructure Canada/SNC-Lavalin/EllisDon) reached financial close on Ontario's first commuter rail PPP project and, on closing, one of the largest municipal PPP projects completed in Canada to date.
Further information on the financial closing can be found on Canada Newswire's website.
Torys represented the short term lenders and underwriters on the long term facility with a team that included Mark Bain, Scott Kraag, Tara Mackay, Simon Williams, Sabrina Kumar and Graeme Murray.