TORONTO — Contract details have been released for the fixed-priced contract to design, build, finance and maintain the Highway 427 expansion project, which was awarded to LINK 427 earlier this year.
The contract value of the project is approximately $616 million, which reflects payments to be made during construction, the substantial completion payment and the monthly service payments before inflation adjustments, an Infrastructure Ontario release indicates.
LINK 427's team includes:
• Developer: ACS Infrastructure Canada Inc. and Brennan Infrastructures Inc. (a member of the Miller Group of Companies)
• Construction: Dragados Canada Inc., Brennan Infrastructures Inc. and Bot Infrastructure Ltd.
• Design: MMM Group Ltd. and Thurber Engineering Ltd.
• Maintenance: ACS Infrastructure Canada Inc. and Brennan Infrastructures Inc.
LINK 427 will focus on design work and construction is expected to follow in 2017 with completion occurring in 2021.
The Highway 427 expansion project includes:
• A new 6.6-kilometre extension from Highway 7 to Major Mackenzie Drive with eight lanes from Highway 7 to Rutherford Road; six lanes from Rutherford Road to Major Mackenzie Drive; three interchanges (Langstaff Road, Rutherford Road and Major Mackenzie Drive); and new median High Occupancy Toll (HOT) lanes;
• A four-kilometre road widening from Finch Avenue to Highway 7; widening from six to eight lanes, Finch Avenue to south of Steeles Avenue; widening from four to eight lanes, from south of Steeles Avenue to Highway 7; and new median HOT lanes.
Once construction is complete, LINK 427 will receive a substantial completion payment, followed by a series of monthly payments from the province over a 30-year period.
These monthly payments cover routine maintenance, construction, lifecycle repair and renewal of the highway as well as project financing, adds the release.
LINK 427 estimates the majority of the labour will come from the Greater Toronto Area.
There is expected to be 250 workers on site at the peak of construction.