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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-10-08 C$ 22.34
Recent Sedar Documents

Globe/CP say SNC, Aecon sue Ont. over Crosstown delays

2020-10-09 07:43 ET - In the News

Also In the News (C-ARE) Aecon Group Inc

The Globe and Mail reports in its Friday edition that the consortium building a light-rail transit project across Toronto is suing the provincial government over delays and cost overruns related to COVID-19. A Canadian Press dispatch to The Globe quotes Crosslinx Transit Solutions saying in an application filed with the Ontario Superior Court of Justice on Thursday that delays to the Eglinton Crosstown project have been caused by Metrolinx and Infrastructure Ontario. CTS is accusing the provincial agencies overseeing the transit line of breaching their contractual obligations by refusing to formally recognize the pandemic as an emergency. Metrolinx chief executive officer Phil Verster said in a statement that his agency had declared in February, before the COVID-19 pandemic had begun, that the project would not be completed on time. Mr. Verster says that since that announcement on Feb. 18 "CTS's performance has not improved, despite our active support." The "Crosstown" is the largest transit project in Canada, a 19-kilometre light-rail line across Toronto's midtown Eglinton Avenue. It is being built as a public-private partnership (P3) by ACS-Dragados, Aecon Group, EllisDon and SNC-Lavalin.

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