TransEd selected for the Valley Line LRT, interVivos turns 9, changes at Startup Edmonton

I’m trying something new, where I share some thoughts on a few topical items in one post. Less than I’d write in a full post on each, but more than I’d include in Edmonton Notes. I’ll organize them here. Have feedback? Let me know!

TransEd Partners selected as Valley Line LRT partner

Today the City of Edmonton announced that TransEd Partners has been selected “to design, build, operate, maintain and finance stage one of the Valley Line LRT.” TransEd is a consortium comprised of: Fengate Capital Management, Bechtel, Ellis-Don, and Bombardier. Additionally, TransDev, ARUP, and IBI Group are described as “other key team members.” TransEd was selected after an 18 month procurement process “that saw comprehensive proposals from three international teams.”

Acting City Manager Linda Cochrane said the City, the LRT Governance Board, and the fairness monitor were all “quite comfortable” with the bids that were received, but felt the TransEd bid offered the best value for taxpayers. She repeated what Mayor Iveson and other City officials have highlighted in recent months, which is that the P3 model “by its nature transfers risk” to the partner. It’s pretty clear everyone is nervous because of what happened with the Metro Line and Thales. I have no doubt the issues that were encountered with the Metro Line will not be repeated with the Valley Line. But the reality of a $1.8 billion project, the single largest infrastructure project in Edmonton, is that something else will go wrong. What’s important is how the City will handle it.

And that’s the other key thing that Linda talked about today – communication. She noted that the City is still responsible for the project and is the entity to complain to if and when things go wrong. And she acknowledged that the City has room to improve when it comes to communication. But they are committed to being “as transparent as possible” throughout the entire project.

The next step is to finalize the contract with TransEd, which will involve a deeper dive into all of the financials. That is slated to be complete by February 2016 and if all goes well, construction will begin in the spring. The new 13-km line from Mill Woods to Downtown would be complete in 2020, with service starting by the end of that year.

interVivos turns 9

Last night I had the pleasure of serving as emcee for interVivos’ latest mentorship networking event. It’s the second time I have hosted the event, so I was thrilled to be asked back!

“The mentorship program helps achieve the mandate of interVivos by “bringing together young professionals and students with Edmonton’s business, political and community leaders to develop the relationships and the skills required by young people to assume positions of positive leadership within our community”.”

The mentorship program began in 2012 and has been running twice a year ever since. I’ve had the opportunity to be a mentor in the past as well, and I had a very positive experience. The way it works is interVivos brings together sixteen proteges and sixteen mentors, and they meet in a speed networking format. Proteges get four minutes to meet each mentor, and then at the end of the evening they all rank their top five preferred matches. interVivos makes the matches within a few weeks, and then each protege and mentor pairing is responsible for communicating at least three times over six months. You get out of it what you put into it, but the relationships that are formed can be quite meaningful.

interVivos Fall Mentorship Networking
Rene Ziorio & Zohreh Saher

interVivos launched back in November 2006 making it nine years old this month, which is quite an achievement! Zohreh and the team should be very proud of what they’ve built. In case you were wondering, interVivos is a Latin word that means “from one person to another”. You can follow interVivos on Facebook and on Twitter.

Changes at Startup Edmonton

The secret is out now: Ken Bautista resigned last month from Startup Edmonton and EEDC. He wrote:

“After eighteen months since our acquisition, I came to realize that it was the right time to leave Startup Edmonton in a place where it could continue to be a platform to grow our community beyond my leadership.”

There’s still a great team at Startup Edmonton, including co-founder Cam Linke and COO Tiffany Linke-Boyko, but Ken’s resignation is a big loss for EEDC. The energy, creativity, and vision he brought to the organization will surely be missed.

Frankly this news leaves me wondering about EEDC’s ongoing culture change. Ken is not the kind of person you want to lose, and if he was frustrated by bureaucracy or other internal impediments then that’s concerning. I’m sure we’ll learn more about how things are going at EEDC during the budget process over the next couple weeks (and potentially at the IMPACT Luncheon in January).

As for Ken, I have no doubt he’ll be positively impacting Edmonton with his next project (whatever that might be) in no time.

VenturePrize Mentor Breakfast

Post ImageI just got back from the VenturePrize Mentor Breakfast presented by MacEwan, which I mentioned we were attending in my previous post. Fortunately, we called one of our mentors this morning to find out where it was, so we made it on time, and everything worked out okay. Dickson and I were invited to speak at this event by the MacEwan organizers, to share our experience with and thoughts on the mentorship program that comes as part of VenturePrize. To sum up our presentation:

A mentor’s only obligation is to provide honest, altruistic advice regarding the business plan to the business team they work with during the competition. In our experience, the business team ends up receiving much more than just advice in the mentorship program – they essentially gain another team member – making it a truly invaluable resource. As far as we’re concerned, VenturePrize simply wouldn’t be the same without the mentorship process that comes from the business plan screening, judging, and presenting, the seminar series, and of course, the mentors themselves. We’re truly grateful we were able to take part!

The breakfast this morning was quite good, both the food and the people! We sat with and spoke after Grant MacEwan College CEO and President Dr. Paul Byrne, as well as TEC Edmonton CEO Dr. David Cox. Talk about some tough acts to follow! Both of them are excellent speakers, extremely well-versed in what they do. It probably sounds kind of corny, but events like the breakfast today are all part of that mentorship process we talked about, and we keep learning more and more with each event.