Anchored by Cdn$440-million in long-term financing led by Sun Life Co., a project company Rideau Transit Group (RTG) reached commercial and financial close in early February for a 35-year availability pay contract with the City of Ottawa to design, build, finance and maintain the city’s new Confederation Line.

Cdn$75 million in equity will be paid in by 40% partners ACS Infrastructure Canada and SNC Lavalin, and by contractor EllisDon, which holds 20% of the project company.