This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
The Government of Alberta, Canada, has selected the consortium Mountain View Partners to develop the Southwest section of the Calgary Ring Road project under a PPP project. Although, the full PPP contract will not be entered into until September 13th, an interim agreement already allows the consortium to start construction works.
Mountain View Partners is a consortium consisting of:
In September, 2015, we reported that other two teams were shortlisted for the project. These were:
The Southwest Calgary Ring Road project involves construction from Highway 8 to Macleod Trail SE including reconstruction of Glenmore Trail from Sarcee Trail to east of 37 Street. The infrastructure components to be undertaken by the contractor include, among others, the design and construction of: 31 km of new six lane and eight lane divided freeway, 14 Interchanges, one road flyover, one railway crossing (flyover), and three river crossings over the Elbow River and Fish Creek.
The project is being procured through a design, build, finance, operate (DBFO) process. The project will also include a 30 year operating, maintenance, and rehabilitation agreement.
Alberta Transportation will provide partial funding for the project in an amount currently anticipated to be between 50% and 70% of the successful bidder's capital cost of the project. Mountain View Partners will be required to supply private financing for the balance of the capital cost of the project.