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Mar 21, 2017

Highway 427 Expansion Project Reaches Financial Close

Douglas J. S. Younger, Heidi Visser, Lorway Gosse and Aarondeep (Aaron) S. Bains

Infrastructure Ontario, Grupo ACS and Miller Construction reached financial close on the Highway 427 Expansion Project. The project has a capital cost of $363 million and is being financed through a bank-bond hybrid.

The project, which includes a 6.6-km extension of Highway 427 from Highway 7 to Major Mackenzie Drive and a 4-km widening of the highway from Finch Avenue to Highway 7, is being delivered through a design-build-finance-maintain P3 procurement model over a 30-year period.

Aird & Berlis LLP represented Infrastructure Ontario and the Ministry of Transportation with a team that was led by Douglas Younger and included Heidi Visser, Lorway Gosse, Aaron Bains and Ian McLeod.

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