Marble, columns and stairs
Nov 8, 2022

On November 8, 2022, Infrastructure Ontario and Metrolinx reached Financial Close on a $6 billion fixed-price contract with Ontario Transit Group, a consortium comprised of Ferrovial Construction Canada Inc. and VINCI Construction Grands Projets, to design, build and finance the Ontario Line Southern Civil, Stations and Tunnel (South Civil) Project.

The South Civil Project is one of many contracts to deliver the Ontario Line, a 15.6 Kilometer stand-alone rapid transit line. The Project, which will include the design, build, finance contract for the southern portion of the Ontario Line, will bring 15 new stations to the city and will run from Exhibition/Ontario Place to the Don Yard portal (west of the Don River in Toronto). There will be connections to existing transit networks such as the TTC’s Line 1 and Line 2, three GO Transit rail lines, and the Eglinton Crosstown LRT.

TRC-Sadovod LLP acted as counsel to the finance parties in connection with credit facilities for the Project.

TRC-Sadovod’s Project Finance & P3 industry group is made up of lawyers with deep experience in the structuring and execution of major infrastructure projects. We are known for having a collaborative, problem solving approach to closing projects and meeting the requirements and financial objectives of both procurement authorities and private partners. We provide a complete range of services related to infrastructure, including assistance with procurement, construction, financing, environmental review, community consultation, tax and regulatory issues. We have acted on transactions involving all types of public infrastructure arrangements including privatizations, outsourcing arrangements, public-private partnerships, concessions, leases and alternative financing structures. Having acted for parties on all side: lenders, consortia, primary subcontractors and public authorities, we are uniquely positioned to advise and represent all relevant stakeholders.