The transit project is funded primarily by the province and the federal government, each contributing approximately $1 billion. The Valley Line is expected to serve 100,000 commuters per day. The owner`s engineers represent the owners — in this case, the City of Edmonton — and ensure that a project meets the specifications and design objectives described. Construction of the southeast line began in April 2016 and was originally scheduled to be completed by the end of 2020. However, the project has experienced several delays and now has an estimated completion date of the end of 2021. Challenges include the discovery of a large mass of concrete in the bed of the North Saskatchewan River that delayed construction of the bridge, and COVID-19 delays due to worker absenteeism and material supply shortages. Construction of the west line is expected to begin this year and continue until 2025 or 2026. All statements contained in this press release, other than statements of historical fact, are “forward-looking statements” within the meaning of federal and state securities laws, including all statements regarding plans, strategies and objectives for future operations, profitability, strategic value creation, impact on the coronavirus, the risk profile and investment strategies, as well as statements about future economic conditions or performance, and expected financial and operating results. Results of AECOM. Although we believe that the expectations expressed in our forward-looking statements are reasonable, actual results may differ materially from those projected or assumed in our forward-looking statements. All forward-looking statements speak as of the date of this press release. We do not intend or assume any obligation to update any forward-looking statements. Aecom and its CTP partners have been working on the project as proprietary engineers since the preliminary design began in 2011.
The amended contract includes planning and construction regulations for Valley Line West – the second phase of construction initiation – and additional work on the Valley Line Southeast, which is currently nearing completion. “This contract change demonstrates our commitment to the City of Edmonton and the value CTP has brought to the project to date,” said Marc Devlin, Regional CEO of AECOM, Canada. .
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