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Contract awarded for Highway 427 expansion project

from Canada Newswire

Infrastructure Ontario (IO) and the Ministry of Transportation (MTO) recently announced that LINK 427 has signed a fixed-priced contract to design, build, finance and maintain the Highway 427 expansion project. The contract value of the Highway 427 expansion project is approximately $616 million, which reflects payments to be made during construction, the substantial completion payment and the monthly service payments before inflation adjustments. Ongoing maintenance and repairs will ensure Highway 427 is kept in good condition over the contract term. more

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