A consortium led by Vinci Concessions (37.5%) and consisting of Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%) has signed the 30-year public private partnership (PPP) contract to design, construct, operate and maintain a bypass around the Canadian city of Regina. Total investment for the project is put at CA$ 1.9 billion (US$ 1.44 billion).
Vinci said the Regina Bypass was the first PPP transport infrastructure project in Saskatchewan. It is part of the Trans-Canada Highway 1, which crosses the continent, and is designed to increase traffic flows and improve safety around the city of Regina.
The project involves the design, financing, construction, operation and maintenance of the 61 km, four lane road. It will include 37 km of new construction, 24 km to be renovated and 12 interchanges, together with access roads and 38 civil engineering structures, for a total of approximately 400 lane-km.
The construction phase, which is expected to last 4 years, will be carried out by a joint venture consisting of Carmacks – a wholly-owned subsidiary of Vinci’s road building subsidiary Eurovia (18.75%), Vinci Construction Terrassement (18.75%), Graham (37.5%) and Parsons Canada (25%).