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Windsor-Essex Parkway Project

December 29th, 2010 Leave a comment Go to comments

$1.6 billion

2012 Rank: 23

2011 Rank: 14

Sector: Highway

Location: Windsor, Ontario

Owner: Ontario Ministry of Transportation

Key Players:

Engineer: AECOM (consulting/owner’s engineer); Golder Associates (subconsultant to URS, geotechnical advisor); Morrison Hershfield (consulting/owner’s engineer); URS Canada (prime consultant)

Contractor: Facca Construction (bridges, noise barrier)

DBFM Team: The Windsor Essex Mobility Group— Acciona, ACS Infrastructure, Dragados, Fluor, Hatch Mott MacDonald

Other: Arup (lender’s technical advisor); CH2M HILL, Infrastructure Ontario (procurement manager and project development); Morrison Hershfield (Infrastructure Ontario’s technical advisory team)

Funding: P3 (DBFM)

Windsor Essex Mobility Group (WEMG) will receive annual payments from the Province. Over the 30-year life of the contract, the total payments will add up to $2.2 billion (nominal cost). Annual payments to WEMG are performance based. If WEMG does not meet the Ministry of Transportation’s performance standards, the Province can withhold payment.

Financing: The following banks will provide financing for the Parkway during construction: Banesto, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Caja Madrid, Crédit Agricole CIB, Dexia Crédit Local, ING Capital, Santander, Société Générale, and WestLB AG. Financing for the Parkway was arranged by RBC Financing. Acciona, ACS Infrastructure Canada Inc., and Fluor Canada Limited are equal equity partners in the Parkway.

Description:

This 11 km stretch will connect Highway 401 to the proposed New International Trade Crossing, and ultimately to the U.S. Interstate system, while separating local and international traffic and eliminating stop-and-go traffic on the way to the border.



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