Flatiron, a subsidiary of Hochtief, is part of the Bow Transit Connectors (BTC) joint venture that was chosen to develop the first phase of Calgary’s transformative Green Line light rail project in Canada. The project, backed by government partners in Canada and the United States, represents a landmark investment in Calgary’s infrastructure, with a total commitment of 3.7 billion euros. The contract covers a 16 month period, with work anticipated to begin in 2024.
The scope of work includes 18 kilometers of double-track light rail, 13 passenger stations, 2 kilometers of underground tunnels, key bridges, and a maintenance and storage facility. At this stage, BTC team members will collaborate with the Calgary Green Line project designers to refine the design and estimate project costs ahead of a subsequent construction contract for the light rail system. The collaboration will also address risk allocation and the overall construction timeline to ensure a smooth delivery path.
Flatiron emphasizes that the project will broaden mobility options and enable faster, direct connections between southeast and central Calgary. Ken Tanner, Canada Vice President of Operations for Flatiron, noted that the Bow Transit Connectors team will draw on its experience delivering major infrastructure projects to enhance Calgary’s transportation network. Tanner also highlighted the project’s potential for sustainability improvements and reductions in road congestion and emissions. The effort positions Calgary to achieve long-term resilience in its urban transit system by aligning with regional growth and climate goals. [citation: Flatiron/Hochtief press materials, attribution to corporate statements]
In the broader context of infrastructure renewal, Hochtief and its subsidiaries are advancing a portfolio of projects that repurpose traditional transport networks into modern, sustainable mobility systems. For example, ACS’ Australian subsidiary Cimic participates in the APP consortium to modernize Canberra’s light rail with wireless vehicles and upgrades to the existing fleet, while Hochtief continues expanding metro capacity in Nuremberg. These initiatives illustrate a strategic focus on integrating technology, efficiency, and environmental performance across major urban transit programs. [citation: corporate milestones, attribution to Hochtief group reports]
strong results
Hochtief reported 482 million euros in earnings for 2022, a 131.7 percent rise from 2021, driven by strong contributions from high-tech infrastructure and energy transition projects, supported by robust cash flow and a growing order book. In September 2022, ACS increased its stake in a key subsidiary by purchasing a portion of Atlantia for 578 million euros, raising its overall ownership to 68.01 percent and strengthening its strategic balance sheet. [citation: annual report summaries, attribution to corporate disclosures]