COLAS (EPA:RE) - PR Colas - Colas Rail wins its first urban track contrac in Canada
Transparency directive : regulatory news
07/09/2020 17:45
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PRESS RELEASEParis, September 7, 2020
COLAS RAIL WINS ITS FIRST URBAN TRACK CONTRACT IN CANADA
In August 2020, Colas Rail, the Colas Group subsidiary specialized in Railways,
signed a contract with Mosaic Transit Group for the track construction of the
Metrolinx Finch West Light Rail Transit (LRT) project in Toronto, Canada.
With 18 stops across an 11-kilometer corridor, the Finch West LRT will connect
local communities to other transit providers in the Greater Toronto Area
including GO Transit, Miway, YRT and Züm.
The contract awarded to Colas Rail by Mosaic Transit Group is Colas Rail's
first major urban railway project in Canada, following the Brampton depot
electrification contract in the City of Toronto in 2019.
Colas Rail will construct 11 km of concrete double track along Finch Avenue
West and an additional 3.2 km of single track in the maintenance and storage
facility site.
Track construction work is expected to start in September 2020, with completion
slated for June 2022.
This contract is part of the $2.5 billion Canadian dollars public-private
partnership (P3) contract signed in 2018 by Mosaic Transit Group with
Infrastructure Ontario and Metrolinx to design, build, finance and maintain the
Finch West LRT line.
Colas (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader whose mission is
to promote transport infrastructure solutions for sustainable mobility. With
57,000 employees in more than 50 countries on five continents, the Group
performs some 70,000 road construction and maintenance projects each year via
800 construction business units and 3,000 material production units.
In 2019, consolidated revenue at Colas totaled EUR13.7 billion (52% outside of
France). Net profit attributable to the Group amounted to EUR261 million.
For further information:
Delphine Lombard (tel.: +33 06 60 07 76 17) /
Rémi Colin (tel.: +33 7 60 78 25 74) contact-presse@colas.fr
Jean-Paul Jorro (tel.: +33 1 47 61 74 23) /
Zorah Chaouche (tel.: +33 1 47 61 74 36) contact-investors@colas.fr
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