Home Credit Ratings and Research S&P Global Ratings’ Credit Research GrandLinq GP

GrandLinq GP

Published Oct 28, 2021

11 pages (3975 words) — Published Oct 28, 2021

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

The Regional Municipality of Waterloo mandated GrandLinq GP (ProjectCo) to design, build, finance, operate, and maintain a 19-kilometer light rail transit (LRT) route from the Conestoga Mall in the City of Waterloo, Ont., to Fairview Park Mall in the City of Kitchener, Ont., with 16 at-grade stops. Peter Kiewit Infrastructure Co. and Aecon Construction and Materials Ltd. constructed the project, which started in August 2014. The project achieved substantial completion (SC) on June 19, 2019, with the region agreeing to waive a few SC requirements, and started revenue service on June 21, 2019. Bombardier Inc. delivered 14 light rail vehicles (LRV) under a separate LRV delivery contract with the region. Keolis Grand River L.P. (with a performance guarantee from Keolis

Brief Excerpt:

...The Regional Municipality of Waterloo mandated GrandLinq GP (ProjectCo) to design, build, finance, operate, and maintain a 19-kilometer light rail transit (LRT) route from the Conestoga Mall in the City of Waterloo, Ont., to Fairview Park Mall in the City of Kitchener, Ont., with 16 at-grade stops. Peter Kiewit Infrastructure Co. and Aecon Construction and Materials Ltd. constructed the project, which started in August 2014. The project achieved substantial completion (SC) on June 19, 2019, with the region agreeing to waive a few SC requirements, and started revenue service on June 21, 2019. Bombardier Inc. delivered 14 light rail vehicles (LRV) under a separate LRV delivery contract with the region. Keolis Grand River L.P. (with a performance guarantee from Keolis SA), the operating, maintenance, and rehabilitation (OM&R) service provider, provides operating services for the first 10 years of operations (this could be extended by subsequent five-year increments). The OM&R service provider...

Report Type:

Full Report

Issuer

GrandLinq GP

Sector

Global Issuers

Country

Canada

Region

Canada

Format:

PDF

GrandLinq GP – 2022/10/12 – US$ 500.00

Full Analysis: GrandLinq G.P. – 2023/10/25 – US$ 500.00

GrandLinq G.P. – 2024/10/25 – US$ 500.00

Research Update: GrandLinq G.P.'s Senior Secured Debt 'A-' Rating Affirmed On Stable Financial Performance – 2025/10/29 – US$ 225.00

Tear Sheet: GrandLinq G.P. – 2026/11/04 – US$ 500.00

GrandLinq GP – 2020/12/01 – US$ 500.00

Research Update: GrandLinq GP 'A-' Senior Secured Debt Rating Affirmed On Project's Achieving Substantial Completion; Outlook Stable – 2019/10/07 – US$ 225.00

GrandLinq GP – 2019/05/30 – US$ 500.00

Summary: GrandLinq G.P. – 2018/05/30 – US$ 225.00

Research Update: GrandLinq GP's Senior Secured Debt Upgraded To 'A-' From 'BBB+' On Significant Project Progress; Outlook Stable – 2017/05/15 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "GrandLinq GP" Oct 28, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/GrandLinq-GP-2746778>

APA:	S&P Global Ratings’ Credit Research. (). GrandLinq GP Oct 28, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/GrandLinq-GP-2746778>

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