SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
SK Hynix Reports Record Q1 Profit Surge Driven by AI Memory Chip Demand 
Meta Expands AI Training With Employee Activity Tracking Tools 
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window 
Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia 
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma 
Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs 
Kakaku.com Stock Surges on EQT Takeover Interest Amid Rising Japan Deal Activity 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules 
Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
CHICAGO, Feb. 25, 2016 -- The TransEd Partners Consortium has been chosen to design, build, operate, maintain and finance stage one of Edmonton's Valley Line LRT (Light Rail Transit) for a $1.8 billion comprehensive PPP project. It is currently envisioned that Transdev will provide operational management support for all aspects of operations for the Valley Line LRT including participating in developing the operations plan and all operating procedures, delivering training, and providing day-to-day management on the operational aspects of the system as a subcontractor to the Services Provider, which is composed of Bombardier Transportation, EllisDon and Bechtel.
Phase one of the project involves building 11 street-level stops for a 13.1-kilometer LRT line, which will connect the Mill Woods Town Centre (Southeast of the City) to existing stops in Edmonton's City Center. These new connections will allow for added transit access and usability throughout greater Edmonton. Project construction will begin in 2016 and the service is expected to begin in 2020. The contract award to TransEd Partners includes operations and maintenance of the Valley LRT Line service for 30 years after construction is complete.
The Valley Line will feature street-level stops and low-floor vehicles that will allow for seamless integration into Edmonton's existing transportation infrastructure. Many attractive features of the service were added after an extensive series of public engagements soliciting feedback. In addition to attractive shelters, a new pedestrian bridge will be built at Cloverdale as part of stage 1, providing added transit access for pedestrians and cyclists.
"We are honored to be TransEd's operational partner for this project and are excited to bring new mobility options to the people of Edmonton. We thank the TransEd team for trusting Transdev to deliver this excellent service," said Ken Westbrook, Transdev's President and COO of the North American Rail Division.
About TransEd Partners Consortium
TransEd Partners Consortium includes world leaders in delivering large, complex, public-private partnership (P3) infrastructure projects. A P3 arrangement transfers to the private sector significant risks for budget, schedule or performance delays, as well as ongoing maintenance and operations. The team comprises: Fengate Capital Management, Bechtel, EllisDon, and Bombardier. Other key team members include Transdev, ARUP, and IBI Group.
About Transdev
Based near Chicago, Transdev is the largest private-sector operator of multiple modes of transit in North America, including bus, rail, streetcar, paratransit, shuttle, and sedan and taxi services. Globally, Transdev operates public transportation in 20 countries. Transdev is committed to being the trusted partner of cities, transit authorities and airports through quality execution and innovations in mobility. For more information, go to www.transdevna.com.
CONTACT: Mitun Seguin
240-485-2117
