Eglinton West Tunnel Project financial closure

Industry: Construction

On May 20, Infrastructure Ontario and Metrolinx (together, “Contracting Authority”) reached financial close with Westend Connectors Developer General Partnership (“Project Co”), a consortium formed by AECON Infrastructure Management Inc., Dragados Canada, Inc. and Ghella Canada Ltd., to design, build and finance the tunnels for the Eglinton Crosstown West Extension project. The value of the contract is approximately $729.2 million. Westend Connectors Construction General Partnership will act as the Construction Contractor.

The project includes approximately six kilometres of tunnelling for the 9.2-kilometre extension and design and construction of launch and extraction shafts, tunnels and headwalls for emergency exit buildings and stations.

Financing for the project is being provided by The Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation, Federation des caisses Desjardins du Quebec, CaixaBank S.A. and The Korea Development Bank.

The Contracting Authority legal team was led in-house by
Nicholas Shkordoff, director, transaction legal at Infrastructure Ontario,
Matthew Harding, senior legal counsel at Infrastructure Ontario,
Melissa McGugan, director, legal services at Metrolinx,
Michael Kitagawa, vice president, legal services at Metrolinx.

Blake, Cassels & Graydon LLP supported the Contracting Authority legal team with a team that included
Judy Wilson,
Marianne Smith,
Kate McGilvray,
Jason MacIntyre,
Theresa Chan,
Alyssa Shivji,
Stephanie Console,
Kerri Marks,
Karishma Prasanna.

Davies Ward Phillips & Vineberg LLP led the Project Co legal team with a team that included
Greg Southam,
Will Buchner,
Katrina Brazzell.

Stikeman Elliott LLP acted as lender’s counsel to Dragados Canada, Inc. consortium, including Aecon Group Inc. and Ghella SpA, with a team including
Jamie Templeton,
Tara Watson,
Dana Porter,
Scott Perrin,
Mark McElheran.

Lawyer(s)

Gregory G. Southam Judy Wilson

Firm(s)

Stikeman Elliott LLP Davies Ward Phillips & Vineberg LLP Blake, Cassels & Graydon LLP