Calgary rounds up road plan

The Chinook Roads consortium has the design, build, finance, construct and operate contract for Calgary's new Southeast Stoney Trail project. This 258km link will form part of the fast-growing Canadian city's ring road and is being developed under a PPP model.
February 9, 2012 Read time: 1 min
RSSThe Chinook Roads consortium has the design, build, finance, construct and operate contract for Calgary's new Southeast Stoney Trail project. This 258km link will form part of the fast-growing Canadian city's ring road and is being developed under a PPP model. The consortium is an equal partnership between Canadian firm, 2482 SNC Lavalin, and Spanish firm, 976 Acciona. The deal is for a 30 year concession and 5811 Alberta Transportation will pay the consortium US$762.6 million during the operation and maintenance period which will commence three and a half years after design and construction is complete. The road will not be tolled and to finance the project, the construction firms are making a private bond placement.

For more information on companies in this article

Related Content

  • Indian infrastructure investment plans
    April 27, 2012
    In India innovative infrastructure investment plans are being drawn up intended to help develop the country's highway network. The National Highway Authority of India (NHAI) plans to finance its road projects by issuing bonds.
    Read More
  • Private consortium to finance Melbourne's Peninsula Link highway
    July 13, 2012
    Not long after the recent completion of the successful EastLink project (a 39km motorway providing a vital connection for 1.5 million people in Melbourne, Australia) the Victorian Government has started work on another missing link in Melbourne's freeway network further south with the construction of Peninsula Link. Peninsula Link is a key project in the Victorian Government's AUD$38 billion (US$32 billion) Victorian Transport Plan. With a AUD$750 million (US$630 million) price tag, the project is expected
    Read More
  • Strong bidding for key Mexican highway project
    July 1, 2013
    Bidding is strong for the contract to build and operate a key stretch of highway in Mexico in a project expected to cost some US$179 million. The Siglo XXI highway will be constructed in Morelos State in Mexico's Morelos state. The deal is for a 30 year concession for the 62km section of highway, which will connect Jantetelco with El Higuerón. The Spanish contractor Acciona is one of several firms preparing its bid for the project and the company is also interested in other Mexican infrastructure works, wit
    Read More
  • Talks continue for 2025 Gordie Howe opening
    January 18, 2023
    The tolled six-lane cable-stayed bridge over the Detroit River will connect the city of Windsor in the Canadian province of Ontario with Detroit in the neighbouring US state of Michigan.
    Read More

Highlighted Content