Vancouver Broadway Subway project reaches financial close

2 minute read
01 September 2020

On September 1, 2020, ACCIONA-Ghella consortium, led by ACCIONA, reached financial close to design and build the Vancouver Broadway Subway project, an extension of the Millennium Line and a key link for Metro Vancouver's public transit system. This new contract marks ACCIONA 6th active infrastructure project in BC.

The $1.728 billion design-build-finance contract includes the design and construction of 5.7 km of network, most of which will be underground, and six new stations. Construction will start in 2020, with the new extension opening in 2025. Once in service, the journey time on the Millennium Line will take 11 minutes, saving passengers an average of 30 minutes a day while alleviating traffic congestion in the city. This will significantly reduce greenhouse gas emissions: a sustainable solution that will benefit the whole Vancouver community.

Gowling WLG was counsel to ACCIONA with a team that included Adam Lewinberg, Jessica Ho-Wo-Cheong, Lindsay Wong, Peter Fairey, Mark McAuley and Kean Silverthorn (corporate) and Christopher Alam (financial services), assisted by students-at-law Matthew Brooker and Kate Kim.

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