Shortlist announced for Casey House replacement project

Infrastructure Ontario and Casey House have announced the six companies are shortlisted to build and finance the Casey House facility replacement project in Toronto. Read more

ACS completes South Fraser Perimeter Road in Vancouver

Federal and local political leaders officially opened British Columbia's newest highway, the South Fraser Perimeter Road on 21 December 2013. Read more

BBGI announces the completion of the acquisition of two Canadian PPP projects

Bilfinger Berger Global Infrastructure SICAV S.A. has completed the acquisition of the remaining 50% equity and loan note interest in Golden Ears Bridge, and 100% equity and loan note interest in Women's College Hospital. The transaction is part  of the proposed acquisitions of 10 Pipeline Assets announced on 15 November 2013.The two Canadian PPP projects are: Golden Ears Bridge project is a long term PPP concession contract to operate and maintain the Golden Ears Bridge near Vancouver, British Columbia, Canada. The project opened to the public in June 2009. The bridge itself is a 1 km, six-lane road that spans the Fraser River. The rest of the scheme consists of more than 3.5 km of structures including ramps, viaducts, minor bridges and underpasses and more than 13 km of mainline roadway. The concession expires in 2038 and is availability-based with no volume risk. Women's College Hospital Project is a long term PPP concession contract to design, build, finance and operate the new Women's College Hospital in Toronto, Ontario, Canada.This involves the construction of a new 630,000 square foot hospital on the current Grenville Street site. The project is being delivered in two phases. The first phase became operational in May 2013 and partial payments from the health authority started at that time. Full operations are expected March 2016.The concession expires in 2043 and is availability-based with no volume risk.The acquisitions were funded from the company's existing cash resources following the recent £145 million capital raise which completed on 11 December 2013. Read more

Fiera Axium Infrastructure acquires stake in Canadian wind project

Alterra Power Corporation announced in late December that it has sold half of its 51 % stake in the Dokie 1 wind farm to Fiera Axium Western Energy for roughly C$28.6 million (US$26.9 million). Read more

Balfour Beatty and Ledcor win hospital P3 project in British Columbia

Balfour Beatty has announced today that it has been appointed preferred bidder for the £196 (C$350) million BC Children's & BC Women's Redevelopment Project by the Provincial Health Services Authority in British Columbia, Canada. Balfour Beatty will invest £9.2 (C$16.5) million into the project, which represents 70% of the equity required. Read more