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

  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Czech Republic re-tenders D4 Pribram and Pisek section as P3 deal
    January 6, 2017
    The Czech Transport Ministry has re-tendered for legal, technical and financial consultancy services regarding the first public-private partnership for a road project. The contract is for construction of a 32km section of the D4 motorway between Pribram and Pisek in South Bohemia. A previous tender for the €3.8 million project was cancelled by the Czech Anti-monopoly Office (UOHS) that suggested it contained flaws. Deadline for bids for the new tender is February 15 with construction of the remaini
    Read More
  • Eager for efficiency
    February 20, 2012
    Efforts to improve energy efficiency in any quarry will be furthered by a new EU-funded project now underway. Madrid-based consulting firm Solintel is leading a new €6.3million research and development project, which is part funded by the EU, to find new techniques for modelling and applying energy efficiency improvements for every aspect of quarrying.
    Read More
  • Pakistan’s new Karachi-Hyderabad highway
    September 23, 2024
    Pakistan is planning a new Karachi-Hyderabad highway
    Read More

Highlighted Content