Saskatchewan to build nine schools using P3 model
The Government of Saskatchewan, Canada, announced two days ago it will build nine new joint-use schools through a Public Private Partnership (P3). These schools will be located in communities experiencing unprecedented growth including: Saskatoon, Regina, Warman and Martensville.
The government said the the P3 model will enable the province to build more schools in less time than the typical funding and procurement approach would allow. The government will soon undergo due diligence to determine the best approach for moving forward.
Saskatoon Public School Division Board Chair Ray Morrison said:
"Saskatoon Public Schools has seen unprecedented growth in the last few years. With new neighbourhoods being built, we need to ensure we can provide the right facilities to support learning for our students."
The 2013 budget committed nearly $120 million to maintain existing schools, and responded to the need for additional space as a result of the increased enrolments throughout the province.
The state of Saskatchewan is getting very active in P3 projects during this year 2013. The state has launched several tender processes throughout this year:
Country news
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October 28, 2013
Alberta schools P3 project in trouble with only one bidder
The Government of Alberta may face problems to deliver 19 schools under a public private partnership. When the government recently asked for submissions to design, build, finance and maintain the facilities, only one consortium - Calgary's Gracorp Capital and Graham Construction - said it was interested. Read more -
October 29, 2013
P3 Canada Fund to invest C$12 million in Quebec's waste project
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October 30, 2013
Ontario issues RFPs to shortlisted bidders for new children's treatment centres
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October 31, 2013
Brookfield closes second infrastructure fund at US$7 billion
Brookfield Asset Management Inc., announced yesterday that it held the final close on Brookfield Infrastructure Fund II with equity commitments totaling US$7 billion, creating a global fund that will invest in infrastructure, with a focus on transportation, renewable power, utilities, and energy assets in North and South America, Europe and Australasia. Read more -
November 01, 2013
Forum Equity Partners signs P3 for York University
Forum Equity Partners Inc., the Canadian infrastructure development and investment firm, and Campus Suites Inc., an international student housing development company, have formed a consortium, the Forum York Development Corporation (FYDC), that has concluded a definitive agreement with York University to design, build, finance, maintain and operate (DBFMO) a new student housing and mixed use project on the Keele Campus of Toronto's York University. Read more
