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Waterloo Lrt Project Agreement

In the agreement, the Region of Waterloo will own the ION LRT system, including all infrastructure and vehicles; set the rates and frequency of service; be responsible for client service and system-wide integration; Collect all ticket revenue and monitor GrandLinq performance to ensure all service requirements are met. The region has opted for a public-private partnership for the largest public construction project in regional history. The choice was made on the grounds that it transfers the risk to the private partner and far from the region, while bringing expertise that the region does not have. “The Regional Council would not adopt an agreement that would have a public cost or a public interest without revealing it.” Of the seven groups that have shown interest in the project, until December 18, 2013 Three consortia have submitted bids for the design, construction, financing, operation and maintenance of the ion system:[66][67] The Region and GrandLinq have been negotiating for months on the information of the agreement that will be retained from the public. The project has garnered vocal support and resistance. “We agree with the sections that have been edited,” Schmidt said. “There will be no fraud” for the LLP project, says city council In the week of September 8, the details of the agreement were released, but 14 schedules were still under debate. Since then, more information has been published. The region commissioned GrandLinq to design, build, finance, operate and maintain the light rail system. The project is expected to cost approximately $1.9 billion over the course of the year.

Approximately US$818 million was spent on construction. The project agreement is available online at rapidtransit.regionofwaterloo.ca/en/multimedialibrary/Project-Agreement.asp In March 2014, as the region prepared for final approval of the construction contract, a group called “Coalition Stop Waterloo LRT” filed an injunction against the project, saying it did not comply with planning guidelines and should be stopped. A March 18 court ruling rejected the request, but did not rule out further legal review. [96] It later turned out that the only citizen directly associated with the filing coalition was local businessman Jay Aissa. [97] Ann Tucker of the Ontario Superior Court dismissed the action on March 19, 2014. [98] On June 24, 2009, Regional Council approved the initiative and continued discussions with the provincial and federal governments to secure funding for the $790 million project […].

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