Trans Ed Commercial Agreement

The 13-kilometre LRT line from Mill Woods to downtown is being built in a public-private partnership (P3) that the City says transfers significant risks of budget, schedule or performance delays, as well as ongoing maintenance and operational delays, to the private sector. When it comes to real estate values, it`s important to recognize that there are many different factors at play. Studies demonstrating a direct link between transit and real estate values have not been conducted specifically in Edmonton. However, other jurisdictions are under extensive investigation that indicate that convenient access to Light Rail Transit (LRT) is very attractive and that proximity to the urban tram (even before the construction of a planned line) generally has a positive impact on property values. This observation was a key factor in an independent report conducted in 2010 by the national research group The Real Estate Investment Network entitled “The Edmonton Transportation Effect” TransEd Partners is composed of Bechtel, EllisDon, Bombardier and Fengate Capital Management Ltd., as well as the additional expertise of Arup Canada and IBI Group – each of the world`s leading design experts. Engineering, construction, transportation solutions, project management and finance. The first phase of the Valley Line will include 11 stops at road level and Davies station in the Wagner industrial area with a park and ride lot of 1400 parking spaces. Passengers can reach the LRT metro and capital lines by going to Churchill Square. The City of Edmonton and TransEd are currently working to accelerate the work. TransEd and the City are working together to comply with the project agreement and are in active discussions to find solutions to improve the work schedule Construction dates vary and may be delayed due to unforeseen circumstances. For construction updates in your neighborhood, please visit our news page, text us / call us at 780-224-0964 or email info@transedlrt.ca. Due to the private nature of the deal, many of the detailed agreements between the city and TransEd will not be released, but Cochran said the city will be as transparent as possible.

Information contained in the project agreement that, if published, could have an impact on the economic interests of the city: do you have any other questions? Fill out our application form, we will get back to you within two working days.. . .

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