Ritchie Bros. Auctioneers to conduct complete dispersal of Niagara Tunnel Project equipment items at unreserved auction in Niagara Falls, ON June 17-1
Wednesday, Jun 12, 2013
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 ore than 40 mobile structures (office trailers, portable camps and more), 80 ruck tractors, a multitude of pumps and much more. All equipment items will be old 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."
About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries.Ritchie Bros.TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com).Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.
SOURCE Ritchie Bros. Auctioneers