Waterloo Lrt Project Agreement

The region has opted for a public-private partnership for the largest public construction project in regional history. The decision was made on the argument that it transfers risks to the private partner and away from the region, while the region also has no know-how. During the week of September 8, details of the agreement were published, but 14 timetables were still on the agenda. Since then, more information has been published. Under the agreement, Waterloo Region will own the LRT ION system, including all infrastructure and vehicles; Rates set and frequency of service; Be responsible for customer service and system-wide integration record all rate revenues and monitor GrandLinq`s performance to ensure that all service requirements are met. In July 2013, the region entered into a joint agreement with Metrolinx and Bombardier for 14 LRVs and an option to purchase up to 14 more. According to the original agreement, the first vehicle was to be delivered by August 2016 and By December 14, 2016 at the latest. The project agreement is available online at rapidtransit.regionofwaterloo.ca/en/multimedialibrary/Project-Agreement.asp Procurement has followed the Infrastructure Ontario process, which has a proven track worth of effective project management, with the region retaining the direction of the process due to the uniqueness of the transaction. The region and GrandLinq have been negotiating for months to find out what information about the agreement should be private to the public. The agreement remains within the framework of approved funding for operation and maintenance. “The regional council would not adopt an agreement that would have a public cost or public interest without disclosing it.” Of the seven groups that expressed interest in the project, until December 18, 2013, three consortia submitted offers for planning, construction, financing, operation and maintenance of the Ionic system:[66][67] In July, Aissa announced that it would abandon other legal challenges and take a political option to oppose the project and opposed the current Regional President, Ken Seiling. Seiling was re-elected president by 58.4% of the vote. [99] WATERLOO, ONTARIO – The Waterloo Region and GrandLinq have reached an agreement to design, build, finance, operate and maintain the ION Stage 1 (LRT) tram between Kitchener and Waterloo.

The Waterloo Region and the GrandLinq Tram Consortium will not provide further information following a lengthy project agreement between the two parties. “We agree with the redigies,” Schmidt said.

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