Monday Mar. 3, 2014 – 10am
Posted Mar 3, 2014 01:27:24 PM.
This article is more than 5 years old.
10:00am- Thomas Schmidt, Commissioner Transportation and Environmental Services at Region of Waterloo, Re: On Friday, regional staff announced the lowest bid to build light rail transit in the Region of Waterloo has come in about $13-million under budget. The bid comes from Construction consortium GrandLinq, who came in with a bid of $532-million to build the system. Officials had budgeted $545-million. It falls within a larger $818-million budget that also pays for consultants, utility locations and other related costs. The overall cost to build, design, finance, operate and maintain the system over a 30-year period will be $1.9 billion. GrandLinq, which also had the highest overall technical and financial scores among the three contenders, is identified by regional staff as the preferred bid. Details of the other bids were not released by the region.
10:15am- Sean Strickland, Waterloo Regional Councillor, Re: After a thorough and comprehensive evaluation of the three proposals, Region staff have recommended the GrandLinq team to Council as the preferred team to design, build, finance, operate and maintain the ION light rail transit (LRT). The team, made up of leading international organizations such as Plenary, Meridiam, Aecon, Kiewit and Keolis, submitted a proposal that satisfies the Region’s overall budget to implement ION Stage 1 LRT. The proposal also remains within the approved funding for operations and maintenance.
10:30am- Doug Craig, Mayor of Cambridge, Re: Craig has been upset that light rail is not coming to Cambridge. The city is instead getting rapid bus service. What’s his thoughts on the latest report from staff?
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