THE CANADA LINEProject Backgrounder

WaterfrontVancouver City Centre

Yaletown/ Roundhouse

Olympic Village

Broadway/City Hall

King Edward

Oakridge/41st Avenue

Langara/49th Avenue

Marine Drive

Bridgeport

Aberdeen

Lansdowne

Richmond-Brighouse

Templeton

Sea Is. Centre

YVR Airport

Depot

Project Context

The Canada Line

• An automated light rail rapid transit system linking downtown Vancouver with both Richmond and Vancouver International Airport.

• Construction commenced in August of 2005.

• Opened on August 17, 2009, 3 months ahead of schedule.

TransLink

Operating Company

PROTRANS BC

Operating Contract (fixed price with performance incentives and penalties)

Design / Build Contract(lump sum turnkey contract)

Debt Providers$657 million

Loan Agreements

Public Funding – Federal, BC, YVRAA

& TransLink$1.247 billionConcession

Agreement

Concessionaire – InTransit BC

33.3% SNC

33.3% bcIMC

33.3% CDP

EPCContractor

SNC-Lavalin

Contractual Structure

$1.9 billion P3 project(2003 $)

Elevated in Richmond, on airport lands and in Vancouver to 63rd Ave.

At-grade section on airport lands

Cut & cover tunnel, side by side conf.

Cut & cover tunnel, stacked configuration

Bored tunnel

• 18.5 km fully automated system– 7.6 km elevated– 1.8 km at-grade– 9.1 km underground

• 16 stations (6 elevated, 2 at-grade, 8 underground)

• 3 water crossings (2 bridges, 1 tunnel)

System Alignment

RichmondCity Centre

YVR Terminus

Depot

Downtown Vancouver

InTransit BC

• InTransit BC (ITBC) is a joint venture company equally owned by SNC-Lavalin (SNC), the Caisse de Dépôt et Placement du Québec (CDPQ), and the British Columbia Investment Management Corporation (bcIMC)

• To finance its capital contribution to the Canada Line project for a total amount of $720 million, ITBC raised equity from its three shareholders, arranged a debt financing secured over a 28-year term from its lenders

• ITBC also manages Canada Line’s ancillary activities, which encompass advertising, wireless networks, newspaper distribution, fibre optics, retail and a public art program

• InTransit BC was the 2009 recipient of the Gold Award for Infrastructure from the Canadian Council for Public-Private Partnerships

Project Partner Background

Project Partner Background

South Coast British Columbia Transportation Authority (TransLink)

• Metro Vancouver’s regional transportation authority

• It is responsible for regional transit, cycling and commuting options as well as AirCare and Intelligent Transportation System programs

• First North American transportation authority to be responsible for the planning, financing and managing of all public transit in addition to major regional roads and bridges

• In 2009, TransLink carried 188 million revenue passengers

The Vancouver International Airport Authority (YVRAA)

• Canada’s gateway to Asia-Pacific

• Private, not-for-profit company that operates Vancouver International Airport (YVR).

• 16.8 million enplaned-deplaned passengers in 2010

• 2009 reported revenues of $359.1 million.

• Approximately 400 employees

Project Partner Background

SNC-Lavalin

• SNC-Lavalin is one of the leading engineering and construction groups in the world, and a major player in the ownership of infrastructure and in the provision of operations and maintenance services

• SNC-Lavalin companies provide engineering, procurement, construction, project management and project financing services to a variety of industry sectors, including agrifood, pharmaceuticals and biotechnology, chemicals and petroleum, environment, heavy construction, mass transit, mining and metallurgy, power and water management

• The SNC-Lavalin companies have offices across Canada and in over 35 other countries around the world and are currently working in some 100 countries

• EPC Contractor of the Canada Line

• PROTRANS BC, a wholly owned SNC-Lavalin subsidiary company, operates the Canada Line under a long term Operating & Maintenance contract with approximately 200 employees

Project Partner Background