- AtkinsRéalis (TSX:ATRL) was chosen to join the Cadence consortium as the preferred private development partner for the high-speed rail project between Toronto and Québec City
- This phase represents a substantial investment of C$3.9 billion over six years from the Government of Canada
- The engineering services and nuclear technology company is already involved in several of the world’s marquee high-speed rail projects, such as the Guangzhou-Shenzhen Hong Kong Express Rail Link and HS2 in the U.K.
- AtkinsRéalis Group stock (TSX:ATRL) opened trading at C$69.70
AtkinsRéalis Group (TSX:ATRL) has been chosen by the Government of Canada as part of the Cadence consortium—comprising CDPQ Infra, Keolis, SYSTRA, SNCF Voyageurs, and Air Canada—as the preferred private development partner for the high-speed rail project between Toronto and Québec City. This landmark decision marks a significant step forward in Canada’s transportation infrastructure.
Cadence has signed an agreement with Alto, a Crown corporation, outlining the terms for the next phase of the project: its co-development. This phase represents a substantial investment of C$3.9 billion over six years from the Government of Canada.
As a Canadian-headquartered company with more than 8,000 employees and a legacy spanning 114 years, AtkinsRéalis brings a wealth of expertise across various domains, including consulting, strategy and advisory, engineering and design, procurement, project and program management, project delivery and construction management, as well as Digital capabilities and cybersecurity. This project will position AtkinsRéalis as one of Canada’s leading employers in the high-speed rail sector.
The engineering services and nuclear technology company is already involved in several of the world’s marquee high-speed rail projects, such as the Guangzhou-Shenzhen Hong Kong Express Rail Link and HS2 in the U.K.
“The Cadence team will bring world-class know-how in the design, development and operation of passenger transportation infrastructure,” company president, Stéphanie Vaillancourt, said in a news release. “The socioeconomic benefits of this project will create along the critical Toronto–Québec City corridor include higher productivity, increased economic growth, greater labour and student mobility to jobs and schools, reduced road congestion, and improved access to housing outside large urban areas. High-speed rail will also bring Canada closer together physically, and as a country.”
To further promote its expanding presence in the high-speed rail space, AtkinsRéalis and other members of the Cadence consortium will attend the Avalon Airshow in Melbourne, Australia, from March 25th to 30th, 2025.
AtkinsRéalis provides sustainable engineering and nuclear energy solutions across the world, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design, procurement, project and construction management, operations and maintenance, decommissioning and capital.
AtkinsRéalis Group stock (TSX:ATRL) opened trading down more than 1 per cent at C$69.70, but it is up 25.62 per cent since this time last year.
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(Top photo via AtkinsRéalis Group Inc.)
