As you are probably aware there is some media coverage regarding the Long Stop date relating to Confederation Line project. Below is some information and clarification.
Today, May 24, 2019, marks the long stop date for the LRT project, which is 12 months after the contract Revenue Service Availability date. The longstop date is a specific contract milestone that enables the City to initiate additional contract remedies.
It is important to note that the City continues to retain all its rights and remedies available to it under the Project Agreement, and as per previous updates to Council, the City has not issued any payments to RTG and continues to track all incremental costs that will be deducted from RTG’s outstanding payments.
