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provincial transit agency MetrolinxGlobal News
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69% Informative
The Hurontario LRT, also known as the Hazel McCallion line, was awarded a $4.6 billion contract in 2019 to design, build, finance and operate the line for 30 years .
The 18 -km line was initially promised to be delivered in “Fall 2024 ,” according to Infrastructure Ontario .
A new report from S&P Global Ratings pointed to newly reported delays” in construction that could jeopardize Mobilinx ’s ability to pay off its creditors.
Metrolinx says progress is being made on the route, but a growing number of issues are plaguing the line.
The Hurontario LRT is now the third light rail project under construction in Ontario facing potential serious completion problems.
It's unclear how much of the $4.6 billion Metrolinx has been able to withhold from Mobilinx .
The two entities are now attempting to work out a financial deal that will allow the consortium to pay off its debts.
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