NIAGARA FALLS, ON, June 10, 2013 /CNW/ – Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, is selling more than 1,600 heavy equipment items as part of a complete dispersal for The Niagara Tunnel Project—a hydro-electric tunnel project in Niagara Falls, Ontario that will provide renewable power to the region for the next 100 years. Equipment being sold in the June 17 – 18 unreserved public auction in Niagara Falls includes more than 40 mobile structures (office trailers, portable camps and more), 80 truck tractors, a multitude of pumps and much more. All equipment items will be sold unreserved to the highest bidders with no minimum bids or reserve prices. Bidders can bid in person at the auction site, online at www.rbauction.com or by proxy.
The construction of the Niagara Tunnel Project was a joint venture between the Ontario Power Generation (OPG) and STRABAG SE, one of Europe’s leading construction groups. OPG contracted STRABAG SE to construct a tunnel starting under the city of Niagara Falls and running towards the Sir Adam Beck generating complex starting in 2005. The tunnel was officially opened on March 21, 2013.
“The equipment featured at the upcoming Niagara auction was mainly used for tunnel excavation, lining, concrete pumping and water proofing,” said Oskar Roittner, Principal of the Tunnelling Division of STRABAG SE. “The Niagara Falls Tunnel is a project of great magnitude, therefore you have to be able to maintain everything on your own and with great speed. All of our equipment was maintained by certified mechanics on our on-site workshop.”
“This will be the first time we sell with Ritchie Bros. and, having attended their most recent auction in Toronto (Bolton), we are confident by the number of interested buyers they can attract to the auction – thus bringing in fair price levels for our equipment,” added Mr. Roittner.
“We are very excited to be able to provide the world’s builders a convenient and transparent way to purchase this unique and well-maintained selection of equipment at fair market prices,” said Anna Sgro, Senior Vice President, Sales, Ritchie Bros. Auctioneers. “The auction features a wide selection of equipment from the heavy earthmoving, construction, mining and concrete industries—there is something for everyone. We encourage interested bidders to come visit us at the Niagara Falls auction location to inspect and test the equipment starting on June 14 as everything will be sold to the highest bidder, regardless of price, on June 17 & 18.”
Niagara Falls, ON auction – equipment highlights:
Niagara Tunnel Project Quick Facts
Niagara Falls, ON auction details: