Newly elected UCP government in Alberta, Canada calls for aggressive approach regarding P3s to bring private sector capital into helping to build public infrastructure. The government stated that in the long-run PPPs will help to get more job-creating infrastructure to make Alberta's economy more efficient. The Edmonton city mayor has stated that UCP government will leave the approach to future infrastructure to the city municipality.
Edmonton city has recently decided to not opt for PPP procurement for the city's west line light rail project.
In the same time the Valley Line Southeast Light Rail Transit will be developed under PPP by TransED — an international consortium of companies including Bechtel, EllisDon, Bombardier and Fengate Capital Management Ltd. The concession period for the southeast line is 30 years.
Country updates
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May 14, 2019
DP world acquires Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP)
DP World PLC announced the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP). MIP is a fund managed by the Macquarie Infrastructure and Real Assets (MIRA) division of Mac...
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May 07, 2019
Financial close on US$ 1.9 billion Light Rail Transit project in Canada
The City of Ottawa and East-West Connectors (EWC) reached financial close on the Stage 2 Confederation Line Extension (Light Rail Transit (LRT) Stage 2) PPP Project.
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May 02, 2019
Nova Scotia to build two new health center on PPP approach
The province in Nova Scotia, Canada announced the intention to select private developers for the new health care facilities in Nova Scotia county. The project includes design, build, finance, maintain...
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May 02, 2019
Consortium led by Aecon reaches financial close on highway expansion project in Canada
Aecon Group Inc. announced that West Corridor Constructors has reached financial close on the Highway 401 Expansion project in the Greater Toronto Area (GTA). The total contract is valued at CAD $639....
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April 30, 2019
Plenary North America invests in Mexico's telecommunications sector
Plenary North America has announced that it has further expanded its North American footprint with an investment in Vancouver-based Canadian Towers and Fiber Optics Inc. (CT&FO), a company providi...
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