October 17, 2012

$206 million Toronto 2015 Pan Am Games contract signed

TORONTO

Ontario Sports Solutions, a team that includes Bouygues Building Canada Inc. / Kenaidan Contracting Ltd., has signed a $206 million contract to design, build and finance various venues for the Toronto 2015 Pan Am Games.

These include the city of Hamilton’s soccer stadium, the town of Milton’s velodrome, York University’s stadium, and the city of Toronto’s tracks at the Toronto Track and Field Centre, Birchmount Park Stadium and Centennial Park Stadium.

The total project budget will include the final design, build and finance contract as well as transaction fees and other ancillary costs that are being finalized.

The Ontario Sports Solutions team includes: developer Bouygues Building Canada Inc. / Kenaidan Contracting Ltd.; designers Cannon Design / Faulkner Browns Architects / Arup and contractors Bouygues Building Canada Inc. / Kenaidan Contracting Ltd.

Infrastructure Ontario said construction of Hamilton’s soccer stadium and York University’s athletics stadium will begin late in 2012. Construction of Milton’s velodrome will start in early 2013 and the Toronto tracks development will begin in summer 2014.

During the peak of construction at these venues, it is estimated that more than 700 workers will employed.

Infrastructure Ontario announced the contract award on behalf of TO2015, the government of Canada, province of Ontario, city of Hamilton, city of Toronto, town of Milton and York University.

DCN NEWS SERVICES

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