Dec 16, 2020
EllisDon and Coco Paving Reach Financial Close on QEW and Credit River
Mississauga, ON, December 16, 2020— The province of Ontario has awarded EllisDon and Coco Paving the Queen Elizabeth Way (QEW) and Credit River Improvement project through a design, build and finance (DBF) Public-Private Partnership (P3) model.
The QEW and Credit River Improvement project extends approximately 2.6 km long from west of Hurontario Street to west of Mississauga Road in the City of Mississauga, Region of Peel. The build team is a Joint Venture between EllisDon and Coco Paving Inc.
"Our EDCO team is eager to get started on this exciting project and provide a better way for Ontarians to commute and get to where they need to be," said Max Mantha, Senior Vice President, EllisDon. "We look forward to working with Coco Paving and the Province on delivering this exciting project."
The QEW and Credit River improvement project will include, construction of a new twin bridge north of the existing Credit River Bridge; rehabilitation of the existing Credit River Bridge; widening and improving the QEW; replacing the Mississauga Road overpass; improving/reconfiguring the Mississauga Road interchange, and constructing active transportation crossings (and associated trail infrastructure) at the QEW and over the Credit River.
"The QEW and Credit River project is a key Infrastructure project required to ensure the movement of goods and people to their ultimate destinations faster and easier. We look forward to working with the Province of Ontario, together with our partner EllisDon, to deliver this critical project, said Jenny Coco, CEO Coco Paving Inc.
This P3 project will also generate employment opportunities and produce significant benefits for commuters, including managing traffic congestion, reducing travel times and moving people and goods more effectively within the QEW corridor.
For more information visit, https://www.infrastructureontario.ca/QEW-Credit-River-Bridge-Project/
Click HERE for the full Press Release.