East Rail Maintenance Facility project reaches financial close

2 minute read
01 March 2015

On March 27, 2015, Infrastructure Ontario and Metrolinx awarded a contract to Plenary Infrastructure ERMF to design, build, finance and maintain the East Rail Maintenance Facility (ERMF) project in Whitby, Ontario.

The contract value for the project is approximately $859.2 million, which reflects the substantial completion payment and monthly service payments before inflation adjustments. Plenary Infrastructure ERMF will receive payment once construction is complete, followed by monthly payments for maintenance and lifecycle repair work over a 30-year period.

The ERMF is approximately 500,000 square feet and being built to support GO Transit's service expansion, including the introduction of Regional Express Rail service under the Government of Ontario's Moving Ontario Forward plan.

Design and construction work will commence in spring 2015 and substantial completion is anticipated for the end of 2017.

The Plenary Infrastructure ERMF consortium includes: Plenary Group (Canada) companies, Kiewit Canada Development Corp. and Bird Capital Limited Partnership as developers; Bird Design-Build Construction Inc. and Peter Kiewit Infrastructure Co. for construction; Stantec Consulting and Arup Canada Inc. for design; and Honeywell Limited and Toronto Terminals Railway for facilities management. Financing is provided by TD Bank, Bank of Montreal and TD Securities.

Gowlings was BC counsel to the Plenary Group (Canada) companies in this transaction with a team that included Peter Fairey and Matt Mitchell (infrastructure) and Brett Kagetsu (securities).

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