Canada Line Concession Agreement

79 “Payments based on availability, quality of service and completion of driver forecasts, 885 and the line returns to the public sector at the end of the concession period.886 InTransit BC has also entered into a design and construction contract with SNC-Lavalin, Inc.887. Once completed in August 2009, clCO was responsible for managing the concession agreement. Of the $2.05 billion needed to finance the project, there were $1.33 billion in public contributions and $720 million in private funding, or about 35.12 percent.888 For private financing, there were two components: equity and debt. InTransitBC secured $120 million in equity by placing limited partnerships.889 A group of banks provided $600 million in long-term financing.890 Most of the risk for the project was transferred to the private sector, but the public sector maintained most of the risk of conduct, although some of it was transferred to the private partner. $92 million less on net cash in 2003.892,885 Id. 886 out of 29. 887 id. 888 id. to 30. 889 id.

to 31. 890 id. to 31, 34. 891 id. to 34,892 id. to 37. In February 2007, TransLink approved the development of a pedestrian and bicycle track on the Canada Line Bridge and agreed not to postpone the construction of a station on 2nd Avenue (Olympic Village Station), but to build it so that it would be completed when the route opened. The cost of the bridge bike path, which is $10 million, was paid for by TransLink and was not included in the Canada Line costs. The Olympic Village station cost an additional $29 million. [61] Support sustainability, sustainable development and competitiveness goals with a high-speed rail line connecting Richmond, Vancouver International Airport and Vancouver. The Canada Line starts in downtown Vancouver at the waterfront station (0.0 km) in a subway tunnel under Granville Street.

It quickly seeps into two tunnels that head southwest under Granville Street, then turn southeast to follow Davie Street through Yaletown. The tunnels then go deeper to pass under the False Creek before going up to the Olympic Village station (2.7 km). There, the line goes backwards to a cutting and cover tunnel (which passes through the tunnel that passes from a circular to a square shape) south under Cambie Street, parts of which have stacked both sets vertically. The line descends from the ground south of 64th Avenue and climbs on an elevated driving path. [12] RAVCO was created by the agencies that fund the transit line to oversee the design, acquisition, construction and implementation of projects. This subsidiary of TransLink, which was later renamed Canada Line Rapid Transit Inc (CLCO), made distributions to the contractor during the work. The project was led by Canada Line Rapid Transit Inc. (CLCO), formerly RAV Project Management Ltd.(RAVCO), a reflection on the original name “Richmond-Airport-Vancouver”). [9] The line was built by SNC-Lavalin and InTransitBC will manage the line for 35 years under a contract with TransLink. Canada Line is operationally independent of the British Columbia Rapid Transit Company, which operates SkyTrain`s Expo and Millennium lines,[10] but is considered part of the SkyTrain network. Like the other two SkyTrain lines in Metro Vancouver, it is also light rapid subway, with fully automatic trains on separate guided tours by degree.

[11] However, trains are powered by conventional third-track electric-recording motors and not by a linear induction system used on other SkyTrain lines.

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