P3 Canada Fund approves funds for Regina Bypass Project
The Government of Canada has announced that it is investing, through the P3 Canada Fund, in a public-private partnership (P3) to support the construction of the Regina Bypass (Saskatchewan, Canada).
Gerry Ritz, Minister of Agriculture and Agri-Food, announced it on behalf of the Minister of Finance, Joe Oliver. The Minister was joined at the event by Don McMorris, Minister of Highways and Infrastructure for the Province of Saskatchewan.
Subject to PPP Canada entering into a funding agreement with the Government of Saskatchewan, a contribution of up to C$200 million will be provided through the P3 Canada Fund for the construction of the Regina Bypass. The Province of Saskatchewan will fund the remainder of the project costs, at a level which will be determined through a competitive P3 procurement process.
Country news
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