AirLINX Transit Partners – comprised of Aecon and Dufferin Construction – will design, build, and finance a 3km rail line between Canada's two busiest transportation hubs: Toronto Union Station and Toronto Pearson International Airport (Toronto Pearson).
The ARL will be in service in time for the 2015 Pan/Parapan American Games and the service is expected to eliminate 1.2 million car trips in the first year of operation alone.
The project cost will be announced publicly following completion of negotiations and financial close, which are both expected in early 2012.
Construction of the line is expected to begin in spring 2012.