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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 174,842,212
Close 2025-03-20 C$ 70.53
Market Cap C$ 12,331,621,212
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Atkinsrealis to build Canada's first high-speed railway

2025-03-21 12:00 ET - News Release

Mr. Ian Edwards reports

ATKINSREALIS, PART OF CADENCE CONSORTIUM, TO DELIVER CANADA'S FIRST HIGH-SPEED TRAIN

Atkinsrealis Group Inc. has been chosen by the government of Canada as part of the Cadence consortium -- CDPQ Infra, Keolis, Systra, SNCF Voyageurs and Air Canada -- as the preferred private development partner for the high-speed rail project between Toronto and Quebec City. Cadence has signed an agreement with Alto, a Crown corporation, that sets out the terms of the next phase of the project: its co-development. This phase represents an investment of $3.9-billion over six years from the government of Canada.

"As the first high-speed rail link in the country, Canada will join other G7 nations in offering a world-class, convenient, comfortable and safe option to transport people quickly and efficiently across the country's busiest travel corridor," commented Ian L. Edwards, president and chief executive officer, Atkinsrealis. "Our experience with some of the world's most notable high-speed rail projects positions us well to deliver unparalleled expertise locally for this truly transformative project in Canada."

The project will be based on a collaborative approach, with the objective to ensure quality, performance, transparency, and effective risk and cost control.

As a proudly Canadian-headquartered company with over 8,000 employees in the country and coast-to-coast roots going back 114 years, Atkinsrealis brings expertise across consulting, strategy and advisory, engineering and design, procurement, project and program management, project delivery and construction management, as well as digital capabilities and cybersecurity. The project will position Atkinsrealis as one of Canada's foremost employers in the high-speed rail space. Atkinsrealis is already involved in some of the world's marquee high-speed rail projects, including the Guangzhou-Shenzhen Hong Kong Express Rail Link, and HS2 in the United Kingdom.

"The Cadence team will bring world-class know-how in the design, development and operation of passenger transportation infrastructure," said Stephanie Vaillancourt, president, Canada, Atkinsrealis. "The socio-economic benefits of this project will create along the critical Toronto-Quebec 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."

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. Atkinsrealis deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including: consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors, such as engineering services, nuclear and capital.

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