QEW / Credit River Improvement Project financial closure

On Dec. 15, 2020, Infrastructure Ontario (IO) and the Ministry of Transportation Ontario (MTO) awarded a fixed-price contract of $313.8 million to EllisDon Capital Inc. and Coco Paving Inc., members of the EDCO consortium (EDCO), to design, build and finance the QEW / Credit River Improvement Project. The project is being delivered through IO's design, build and finance Public-Private Partnership (P3) model.

The Project involves the construction of a new twin bridge north of the existing Credit River Bridge and the rehabilitation of the existing Credit River Bridge, in addition to widening and improving the QEW and improvements to a nearby interchange and overpass.

Gowling WLG advised IO and the MTO in connection with the Project with a team that included
Merie-Anne Beavis,
Lindsay Wong,
Jessica Ho-Wo-Cheong.

Osler, Hoskin & Harcourt LLP advised EllisDon Capital Inc. and Coco Paving Inc. with a team consisting of
Chris Bennett (financial services),
Tobor Emakpor (commercial),
Roger Gillott (litigation),
Tom Budziakowski,
Elizabeth Mpermperacis (financial services).

McCarthy Tétrault LLP acted for the lenders with a team that included
Morgan Troke,
Ailbish Bruchet,
Xinya Wang.

See the news release of Osler, Hoskin & Harcourt LLP here.