Flatiron, a subsidiary of Hochtief (ACS), Awarded for developing a transformative light rail project in Calgary (Canada). The company is owned by the Bow Transit Connectors (BTC) joint venture, which was selected as the developer partner for the first phase of the transformative Green Line. This is the largest infrastructure investment in Calgary’s history, with 3.7 billion euros and commitments from various officials, including the Canadian government and its US counterpart. The contract period is 16 months and work is expected to start in 2024.
The contract includes 18 kilometers of double-track light rail, 13 passenger stations, 2 kilometers of underground tunnels, main bridges and a maintenance and storage center. At this stage of development, BTC team members Will collaborate with those belonging to Calgary Green Line developing the project design and measuring the costs of the project before signing a separate contract for the construction of the light rail system, as well as seeing the balance of risks and the overall construction schedule.
From Flatiron they assure that this project will bring significant benefits to transportation by expanding the number of mobility options and Fast, direct connections between southeast and central Calgary. “As part of the Bow Transit Connectors team, we look forward to pooling our experience in delivering major infrastructure projects to improve the city of Calgary,” said Ken Tanner, Canada’s Vice President of Operations at Flatiron. According to Tanner, the light rail system will contribute to sustainability while reducing road congestion and emissions.
Related news
Transforming traditional transport infrastructures into new forms of sustainable mobility It is a growth area of Hochtief. For example, ACS’ Australian subsidiary Cimic is part of the APP consortium that will transform the Canberra light rail system into a system with new wireless vehicles and upgrade the existing fleet, and Hochtief is currently expanding the metro system in Nuremberg. .
strong results
hochtief Earned 482 million euros in 2022, 131.7% more than in 2021especially in high-tech infrastructures and projects related to the energy transition, due to cash flow inflow and order book expansion. In September 2022, ACS acquired 14.46% of the subsidiary held by Atlantia for 578 million euros until it reached 68.01% of the capital.