Construction
22 May 12
Financial close for $1.8bn Canadian road and bridge project
Alberta Transportation has picked Capital City Link General Partnership to design, build, operate, and partially finance the Northeast Anthony Henday Drive project.
Capital City Link General Partnership is made up of Meridiam, ACS and Hochtief. The design and construction will be carried out by divisions of Flatiron, Dragados, Aecon and Lafarge.
The public-private partnership (P3) contract is worth CA $1.81 billion (US$1.77 billion) in 2012 dollars, to be paid over the 34-year term of the contract. The estimated cost of using traditional delivery was $2.18 billion, a saving of $370 million. The three bids were $1.81 billion, $2.03 billion and $2.22 billion.
Sections of the ring road were built in the 1970s and the 1990s and the current Anthony Henday Drive project began in 2000 with the construction of the southwest section. The latest contract includes 27km of six- and eight-lane divided roadway, nine interchanges, two road flyovers, eight rail crossings (flyovers), and two bridges across the North Saskatchewan River, for a total of 46 bridge structures.
The Capital City Link General Partnership will start construction in June, with completion of the project scheduled for autumn 2016.
Capital City Link General Partnership's partners are Meridiam Infrastructure Neah ULC (a subsidiary of Meridiam Infrastructure North America Inc), ACS Neah Partner Inc (a subsidiary of ACS Infrastructure Canada Inc.) and Hochtief Neah Partner Inc (a subsidiary of Hochtief PPP Solutions GmbH). The design and construction of the project will be subcontracted to a construction joint venture made up of Flatiron Constructors Canada Limited, Dragados Canada, Aecon Construction Management and Lafarge Canada. The operations and maintenance will be subcontracted to Volker Stevin Highways.
A ground-breaking ceremony will be held this summer to mark the begining of construction.
