Infrastructure Ontario (IO) and the Ministry of Transportation (MTO) have announced the three shortlisted teams that are invited to respond to a request for proposals (RFP) to design, build and finance the QEW/ Credit River Improvement project.
The teams were selected based on criteria identified in a request for qualifications process that began in April 2019. Selection criteria included the relevant design, construction and financing experience to deliver the project. Shortlisted teams include:
- Keystone Transportation Partners
- Applicant Lead - Peter Kiewit Sons ULC & Dufferin Construction Company
- Construction Team - Peter Kiewit Sons ULC & Dufferin Construction Company
- Financial Advisor - Peter Kiewit Sons ULC
- Credit River Developers
- Applicant Lead - Ferrovial Agromán S.A
- Construction Team - Ferrovial Agromán S.A.
- Financial Advisor - Scotia Capital Inc.
- EDCO
- Applicant Lead - EllisDon Capital Inc. and Coco Paving Inc.
- Construction Team - EllisDon Capital Inc. and Coco Paving Inc.
- Financial Advisor - EllisDon Capital Inc.
Teams will now begin preparing proposals that detail how they will deliver the project. Once submissions are received, IO and MTO will evaluate the proposals, select a preferred team and then negotiate a final contract. A successful team is expected to be announced in summer 2020. A fairness monitor is overseeing the entire procurement process.
Click here to learn more about the QEW/ Credit River Improvement project.