The city of Edmonton, Alberta, has selected Bechtel, Fengate Capital, EllisDon and Bombardier as the preferred proponent for a Cdn $1.8-billion (capital cost) DBFOM LRT line. Financial close on the 13-km Valley Line is expected in early 2016. Although TransEd Partners will operate the line, revenue risk remains with the city, which will make availability payments and payments during construction.