BTY hosts RICS leadership team on tour of largest PPP project in Canada
With the spotlight on infrastructure investment in both Canada and the U.S., RICS has undertaken a journey to bring together leaders in both nations to explore how qualified professionals are delivering value on infrastructure asset management. RICS is an international organization that promotes the highest professional standards in land, property and construction.
As part of the tour, BTY hosted RICS’ senior leadership team in Toronto for an up-close look at the Eglinton Crosstown Light Rail Transit line, the largest public-private partnership (PPP) under construction in Canada. The CA$5.3 billion project is being delivered under the Design-Build-Finance-Maintain model. It comprises a 19km light-rail line with 25 stations and stops, including a 10km underground portion through one of the most congested and built-up corridors in the city of Toronto. BTY is engaged to provide independent certifier and payment certifier services and will be facilitating the substantial completion process of the entire project.
RICS President Amanda Clack, BTY’s Director of PPP Advisory Services Marie Foley and BTY’s Project Director Jon Bawdon toured the light-rail expansion route by bus to see the several phases of the project currently under construction. Crosslinx Transit Solutions, the private sector consortium, also gave RICS a presentation on the history of the project, including the technical challenges of delivering such a large mandate with notable schedule constraints.
“The Eglinton Crosstown is providing the Province of Ontario unprecedented value for money in this commercially complex urban transit project,” says Thom Budd, Director, Eglinton Crosstown LRT, Rapid Transit, Capital Projects Group, Metrolinx. “With a multitude of private and public-sector stakeholders, the financial team have customized a model that is delivering the country’s largest infrastructure project on time and on budget. The ongoing success of The Crosstown is due, in no small part to the professional excellence of our estimating team.”
“The goal of RICS is to promote the public good and public trust,” says RICS President Amanda Clack FRICS. “In the case of infrastructure, that means delivering projects on time, on budget and ethically. We also believe that public-private partnerships draw on the strengths and make the best use of the resources of both sectors. As the largest PPP project in Canada, the Eglinton Crosstown Light Rail is one excellent example of such collaboration. The tour we took will help us in our efforts to address challenges facing current infrastructure projects in Canada and the U.S.”
“The scale and complexity of the Eglinton Crosstown LRT project required a new level of expertise and seamless integration from all project stakeholders and team members,” says Darren Cash MRICS, Director, Eastern Canada, BTY. “We approached our role as independent certifiers to provide the project’s public authorities and the private sector consortium a well-rounded bank of qualified professionals, combining PPP best practice leaders with experts in earned value measurement, risk management, design and construction.
This mandate has bolstered both our ability to provide services to complex infrastructure mandates as well as the market’s perception of BTY’s Qualified Professionals and their capabilities to deliver crucial independent expertise.”