The GrandLinq consortium – Plenary Group, Meridiam, Aecon, Kiewit and Keolis – and the Region of Waterloo have reached financial close on the ION Stage 1 Light Rail Transit (LRT) project. GrandLinq will be responsible for the design, build, finance, operation and maintenance of the LRT system.
The ION rapid transit system will connect the three major urban centres of the cities of Cambridge, Kitchener and Waterloo in southwestern Ontario. Stage 1 consists of light rail transit between Conestoga Mall in the City of Waterloo and Fairview Park Mall in the City of Kitchener (19 km); adapted bus rapid transit between Fairview Park Mall in the City of Kitchener and the Ainslie Street Terminal in the City of Cambridge (17 km); and 22 stations along the 36-km transit corridor.
Work is expected to begin in the second quarter of 2014 and is scheduled for completion in 2017.
