Calgary rounds up road plan

The Chinook Roads consortium has the design, build, finance, construct and operate contract for Calgary's new Southeast Stoney Trail project. This 258km link will form part of the fast-growing Canadian city's ring road and is being developed under a PPP model.
February 9, 2012 Read time: 1 min
RSSThe Chinook Roads consortium has the design, build, finance, construct and operate contract for Calgary's new Southeast Stoney Trail project. This 258km link will form part of the fast-growing Canadian city's ring road and is being developed under a PPP model. The consortium is an equal partnership between Canadian firm, 2482 SNC Lavalin, and Spanish firm, 976 Acciona. The deal is for a 30 year concession and 5811 Alberta Transportation will pay the consortium US$762.6 million during the operation and maintenance period which will commence three and a half years after design and construction is complete. The road will not be tolled and to finance the project, the construction firms are making a private bond placement.

For more information on companies in this article

Related Content

July 19, 2016

Mountain View Partners to start on Calgary’s Southwest Ring Road

Preliminary utilities work is set to begin in September on the last section a ring road around the Canadian city of Calgary. The Calgary Herald newspaper quoted the Alberta provincial infrastructure and transportation minister Brian Mason saying that the project is on schedule. He said “everything is going as planned … It’s important that we keep on top of this and it’s important that we keep it moving forward and so far we’re doing just that.” The public-private-partnership project for the southwest
April 20, 2012

Spanish highway project to get EIB A-rated bond issue?

The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
boombox1

Highlighted Content

boombox2