Following the recent announcement that the eastern section of the already behind schedule Valley Line LRT will be delayed byquarters, the basis for the contract to build the LRT in Edmonton is being revisited. I'm here. time.
A city inspection found 18 concrete columns to be cracked and in need of repair.
The city was quick to accuse him, the contractor, of having problems with TransEd and the contract itself.
"These projects lack transparency, resulting in less oversight and accountability for city officials," Sohi Mayor Amarjeet told media on Wednesday.
READ MORE: Cracks found in 18 piers again delay southeast extension of LRT Valley Line
In 2014, the Harper Federal Government agreed to participate in projects only if the Public Private Partnership (P3) model was used.
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This means that TransEd will be responsible for the design, construction, operation and maintenance of the line for the next 30 years. But the consortium must do it all within a tight budget of $1.8 billion.
The Parkland Institute has always opposed this model, saying it cuts corners when things go wrong.
. Parkland Institute executive his director Ricardo Acuña said Thursday.
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``So where are you going to recoup those costs?''
Project started At the time, the P3 model was expected to save the city $500 million, but Acuña claims it didn't save much.
"These delays also come at a price. The people of Edmonton who have been working on this construction all this time and, in many cases, their children's schools and For the people of Edmonton who chose where to live, it's not the money,' he said. 56} READ MORE: Valley Line Southeast LRT Extension on Track for Summer Opening, Date TBD: TransEd
In July, the state government canceled a plan to use the P3 model to refurbish the Deerfoot Trail, citing inflation.
Wages and prices for construction materials have risen sharply, driving up costs and making this model less attractive to contractors.
Scott Zuccholski, global head of infrastructure at Fitch Ratings, said from New York, "When you see costs rise, you certainly think there's a financial pinch. ' said.
"And it is certain that private sector entities will become reluctant to sign new contracts and new projects."
City of Edmonton promises overhaul of Valley Line southeast Additional major contracts, particularly P3 contract Create a project before signing.
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Mayor Andre Corbould Admits Similar Reviews Followed Other Infrastructure Issues I'm here.
"These reviews have improved performance over the past few years," argued Corbould.
The West Leg of the Valley LRT Line already has him working on the P3 model, but is not involved with his TransEd as a contractor.
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