Items Tagged with 'SNC-Lavalin'

CEO Ian Edwards says new name cements market identity not tethered to past ethics scandals, legal battles and bottom line pressures of fixed-price construction, as Canada firm builds on its Atkins unit and new needs in changing energy and transportation niches.

Canada-based SNC Lavalin Group, the parent of Atkins, said the sale when completed will further speed the corporate transition to engineering and project management.

The P3 project, 11.7-miles and largely tunneled, could cost between $8 and $13 billion, the government forecasts.

Firms, GE Hitachi and Ontario Power will build the 300-MW plant under a single collaborative agreement to avoid potential delays and cost overruns, said Ken Hartwick, utility president and CEO.

Italy, Austria and Spanish firms will build 13-km section, including at least 3.2 km of tunnel near historic England site.