October 21, 2019
Torys acted as counsel to the lenders to Mobilinx (Astaldi/John Laing), the successful proponent for the Hurontario Light Rail Transit PPP project to design, build, finance, operate and maintain a new integrated light rail transit system between Port Credit GO Station in Mississauga to the Gateway Terminal at Steeles Avenue in Brampton, Ontario.
Photo courtesy of Metrolinx.
|Municipality:||Mississauga and Brampton|
|Procurement Model:||DBFOM - Design Build Finance Operate Maintain|
|Client Name:||the lenders to Mobilinx (Astaldi/John Laing)|
|Project Value:||$4,600,000,000 CAD|
The project won both IJGlobal's and Proximo’s 2019 North America Rail Deal of the Year.
The project includes:
On October 21, 2019, Infrastructure Ontario (IO) and Metrolinx awarded a contract valued at C$4.6 billion to Mobilinx Hurontario General Partnership (Mobilinx) for the Hurontario Light Rail Transit (HuLRT) project. The contract, adjusted for inflation, reflects payments during construction, a substantial completion payment and monthly service payments during the 30-year operations and maintenance period.
Mobilinx anticipates completion of the LRT in the fall of 2024.
Further information on the project can be found on Infrastructure Ontario’s website.
Torys represented the lenders to Mobilinx with a team led by Tara Mackay and consisting of Josh Van Deurzen, Simon Williams, Michael Jack and Marshall Rossiter.