Ranking for 2013: 63
Industry Sector: Transportation
Specific Sector: Highway
Range: $500,000,000 - $1 billion
Project Value: $769,000,000
Federal: $100 million
Provincial: $232 million
Government Funds Involved: Alberta Transportation has a 33-year DBFM contract with Chinook Roads Partnership. The P3 will see Chinook maintain the highway for 30 years (after a three-year construction period).
Funding Source: P3
Location: Calgary, Alberta
Estimated End Date of Substantial Completion: 2013
The southeast section of Calgary’s six-lane ring road stretches 25 km, has nine interchanges, one road flyover, two railway flyovers and 27 bridges. It is being constructed and operated as a public-private partnership, with SNC-Lavalin and Acciona S.A. responsible for its maintenance over 30 years.
Construction began in the spring of 2010 and is expected to finish by fall of 2013.