Financial close has been reached by the West Corridor Constructors consortium on the US$494.46 million Highway 401 Expansion project near Toronto, Canada.
West Corridor Constructors consists of Canadian construction firm Aecon which holds 50%, US-based building products firm Amico, which holds 20%, and US-based infrastructure engineering firm Parson, which holds 30%.
The Highway 401 Expansion is a redevelopment and widening project between Regional Road 25 in the towns of Milton and Credit River in the Mississauga area. It comprises two core collector systems of 12 lanes and two 10-lane segments, plus median high occupancy vehicle (HOV) lanes.
Work involves culvert replacements, bridge reconstruction and replacement, ecological restoration and drainage and utilities.
Construction is scheduled to start by the end of the year and take three years.
