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Waterloo Lrt Project Agreement

By April 14, 2021 Uncategorised No Comments

– “There will be no fraud” on the LRT project, said the Council member In March 2014, just as the region was preparing for final approval of the construction contract, a group called “Coalition Stop Waterloo LRT” filed a legal injunction against the project, stating that it did not comply with the planning guidelines and should be decided. A March 18 court decision dismissed the application, but did not rule out another legal review. [96] Later, it turned out that the only citizen directly linked to the coalition was local businessman Jay Aissa. [97] Ann Tucker of the Ontario Superior Court dismissed the complaint on March 19, 2014. [98] In the agreement, The Waterloo Region will own the LRT ION system, including all infrastructure and vehicles; Rates set and frequency of service; Be responsible for customer service and system-wide integration record all rate revenues and monitor GrandLinq`s performance to ensure that all service requirements are met. Procurement followed the Infrastructure Ontario process, which has a proven track of effective project management, with the region retaining the lead because of the uniqueness of the transaction. The Province of Ontario had promised to fund up to two-thirds of the costs of building an urban train or rapid road infrastructure in the Waterloo area. [20] However, in the summer of 2010, actual high-level government funding commitments for the combined LRT and aBRT system were announced: $300 million from the province of Ontario and $265 million (or up to 1/3 of the total cost) by the federal government. [21] The number of provinces was disappointing for supporters, as the provincial government had previously promised to pay 2/3 of the costs. [22] The Regional Council debated the funding of the remaining $200 million to $300 million needed to deliver the project.

[23] In July 2013, the region entered into a joint agreement with Metrolinx and Bombardier for 14 LRVs, as well as an option to purchase up to 14 others. According to the original agreement, the first vehicle was to be delivered by August 2016 and By December 14, 2016 at the latest. Of the seven groups that expressed interest in the project, three consortia had submitted bids for the design, construction, financing, operation and maintenance of the Ionic system as of 18 December 2013:[66] [67] In the week of 8 September, details of the agreement were published, but 14 timetables were still under discussion. Since then, more information has been published. The Waterloo Region and the GrandLinq Tram Consortium will not provide further information following a lengthy project agreement between the two parties. “On behalf of the entire GrandLinq team, we are pleased to have reached this milestone and look forward to working with the Waterloo Region to achieve this important transportation project,” said Martin Strickland, Project Manager. The region and GrandLinq have been negotiating for months to find out what information about the agreement should be private to the public. WATERLOO, ONTARIO – The Waterloo Region and GrandLinq have reached an agreement to design, build, finance, operate and maintain the ION Stage 1 (LRT) urban tram between Kitchener and Waterloo.