ACS consortium wins Ottawa subway contract

Wed Dec 5, 2012 2:37pm EST
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MADRID (Reuters) - A consortium led by Spanish infrastructure company ACS (ACS.MC: Quote) and Canadian construction company SNC Lavalin (SNC.TO: Quote) has won a contract worth C$2.1 billion (US$2.11 billion) to build the subway of Ottawa, a spokesman for ACS said on Wednesday.

The contract also includes a concession to operate the subway during 30 years and the construction of a portion of a motorway, the spokesman said.

ACS and SNC Lavalin both own a 40 percent stake in the consortium, while Canadian construction services company Ellis Don has a 20 percent stake.

($1 = 0.9930 Canadian dollars)

(Reporting by Tomas Cobos; Writing by Julien Toyer)