Ontario is finally set to widen one of North America’s busiest stretches of highway through the Greater Toronto Area.
According to infrastructure development group Aecon, the Highway 401 Expansion project is officially moving forward, which will see the addition of at least six new traffic lanes across 18 kilometres. Ontario’s Ministry of Transportation just closed a $639.8 million deal with the builders, and the project is set to revamp the 401 from Regional Road 25 in Milton to the Credit River in Mississauga by turning its six-lanes into a 12-lane core/collector system, with HOV (carpool) lanes in both directions.
Aecon consortium reaches financial close on the Highway 401 Expansion project in the Greater Toronto Area https://t.co/KK8M6HZn4y
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“As a leader in civil construction and alternative financing, Aecon has played a critical role in the development of the province’s transportation infrastructure,” President and Chief Executive Officer of Aecon Group Inc. Jean-Louis Servranckx revealed in a statement. “Along with our partners, Parsons and Amico, we are pleased to work with Infrastructure Ontario and the Ministry of Transportation to deliver this significant project which will ultimately reduce traffic congestion and improve quality of life for commuters along the GTA corridor.”
Construction for the project is set to start near the end of the year with a “substantial completion” date in late 2022.