P3 Canada Fund to invest C$12 million in Quebec's waste project
The P3 Canada Fund, a merit-based public program supporting P3 infrastructure projects, has announced an investment of up to C$12 million in support of the construction of the Regional County Municipality of Haute-Yamaska's sorting and waste treatment centre.
La Haute-Yamaska is a regional county municipality in the Montérégie region of Quebec, Canada.
The private partner, to be selected through a competitive Request for Proposal process, will assume responsibility for the design, construction, financing and operations of the asset for a period of 20 years.The partner will be required to source the most appropriate technology for sorting the household waste, to extract organic waste and convert it into a profitable product.
The new Sorting and Waste Treatment Centre will service nearly 40,000 residences in the MRC de la Haute-Yamaska, and will treat 21,000 tonnes of household waste. This project will divert organic material from local landfills, as well as 24,000 tonnes of sludge from the City of Granby's wastewater treatment plant.
According to current timelines, construction work could begin in July 2015, with the asset coming online in Fall 2016.
Construction costs are estimated at C$45 million, along with operation costs estimated at C$125 million overall (Net Present Value) across a period of 20 years.
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