January 18, 2010
Preferred proponent selected for construction of new courthouse in Waterloo, Ontario
Integrated Team Solutions has been selected as the preferred proponent to design, build, finance and maintain the new Waterloo Region Consolidated Courthouse, Infrastructure Ontario said Monday.
The new facility, to be located in downtown Kitchener, will consolidate the Superior Court of Justice and Ontario Court of Justice, currently operating in three locations across Waterloo Region.
The new multi-storey building - to be built to achieve a LEED Silver standard - will consist of 38 judicial rooms: 30 courtrooms and eight conference settlement rooms.
The ITS consortium includes EllisDon Corp., SNC Lavalin Profac, Fengate Capital Management/LPF Infrastructure Fund, Norr Limited/Aecom Services, and CIT Group Securities Inc.
The project is expected to reach commercial close and financial close in February and construction is slated to begin in spring 2010.
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Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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