March 7, 2018 by Jillian Morgan
Ontario has requested proposals from pre-qualified teams to design, build and finance 18 kilometres of Highway 401 in Mississauga, Ont. and Milton, Ont.
The stretch of highway from Credit River in Mississauga to Region Road 25 in Milton will be widened to improve traffic flow.
Average daily traffic for Highway 401 in those regions is approximately 118,000 to 175,000 vehicles per day, according to the provincial government.
The successful bidder will be announced in 2019. The prequalified groups are:
The project is being delivered under Infrastructure Ontario’s Alternative Financing and Procurement model, which transfers risk associated with design, construction and financing to the private sector.
“This stretch of highway is one of the busiest in the province and is vital to the movement of people and goods in Ontario and the United States,” said Minister of Transportation Kathryn McGarry. “Adding new lanes will keep traffic moving so businesses can get their products to market and people can get where they need to be sooner.”
In 2017/18, Ontario is committing more than $2.5 billion to repair and expand provincial highways and bridges across the province.
SOURCE: GOVERNMENT OF ONTARIO