Acciona and ACS win CA$ 1.5 billion concession
By Richard High09 October 2008
Spain's ACS and Acciona have signed an agreement with Quebec's Ministry of Transport to design, build, operate and maintain a 42 km long extension to the A-30 under a public-private partnership (PPP).
Concession company, Nouvelle Autoroute 30, which is owned 50:50 by Acciona and Iridium (ACS Group's concession company), will oversee the CA$ 1.5 billion (US$ 1.32 billion) PPP, including construction, financing, long-term maintenance and repair of the highway for the next 35 years.
Construction of the 42 km toll road, comprising two lanes each way, will be by Acciona Infraestructuras (42%), Dragados (42%) and DJL (16%).
The project includes the construction of overpasses and underpasses, a 72 m tunnel under the Soulanges Canal, and two bridges, one of 1860 m across the St. Lawrence River, and the other spanning 2550 metres over the Beauhamais Canal.
The CA$ 1.5 billion (US$ 1.32 billion) will be financed via an CA$ 810 million (US$ 716 million) loan over 30 years, and a 5-year CA$ 290 million (US$ 256 million) credit line.
When complete the Châteauguay-Vaudreuil-Dorion toll road will be the main route between Quebec and Montreal.
According to the Quebec government, the project will create 18900 direct and indirect jobs during the construction phase.