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

  • Delays on Slovakian projects
    July 9, 2012
    Work on several new highways being built in Slovakia as public-private partnerships (PPPs) will be delayed by six to 12 months. This means that the first sections of the Martin-Presov link will not open before 2011. The last section is expected to be completed in either late 2012 or early 2013.
    Read More
  • Building programmes for Ho Chi Minh City in Vietnam
    June 9, 2014
    Ho Chi Minh City in Vietnam looks set to benefit from 14 infrastructure projects costing a total of US$9.44 billion. One of the key projects will be to improve and repair Luong Dinh Cua Street while another is for the building of the new Ha Noi Expressway-Eastern Ring Road link road. Loan facilities are being provided by the Sai Gon-Ha Noi Commercial Bank (SHB) to Phu My Construction (PMC). The construction programme also includes the Rach Chiec Bridge, five elevated highways and the Southern Ring Road. The
    Read More
  • Turkish highways and bridge project financing secured
    June 7, 2018
    The financing package that will pay for Turkey’s €2.43 billion Malkara to Çanakkale highway and 1915 Çanakkale Bridge has now been secured. This follows on from Mott MacDonald completing its technical due diligence of the project documentation. The project will be handled under the PPP model. The centrepiece of the project is the €1.68 billion Çanakkale 1915 bridge. This will be over 4.6km long, with a 2,023m main span that will be the longest in the world for a suspension bridge. It will allow a clearance
    Read More
  • Højgaard and BESIX win Nordhavn Tunnel work
    September 16, 2022
    The €349.6 million Nordhavnstunnel contract in the capital Copenhagen was awarded by the Danish Road Directorate / Vejdirektoratet.
    Read More

Highlighted Content