$859.2 Million Contract Awarded for East Rail Maintenance Facility

Source: www.gulfoilandgas.com 3/30/2015, Location: North America

Infrastructure Ontario (IO) and Metrolinx have awarded a contract to Plenary Infrastructure ERMF to design, build, finance and maintain the East Rail Maintenance Facility (ERMF) project. The contract ensures that the facility will be delivered for a fixed price and by a fixed delivery date.

The contract value for the ERMF 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; this will ensure the facility is kept in excellent condition over the contract term.

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.


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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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