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VINCI Signs A P3 Contract for the Regina Bypass Project in the Province of Saskatchewan, Canada - The project, which represents a total investment of approximately $CAN 1.9 billion (€1.3 billion), involves the design, financing, construction, operation and maintenance of the 61 kilometers - 2x2 lanes of the Regina Bypass - VINCI.com
VINCI Signs A P3 Contract for the Regina Bypass Project in the Province of Saskatchewan, Canada

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, France, 2015/08/05 - The project, which represents a total investment of approximately $CAN 1.9 billion (€1.3 billion), involves the design, financing, construction, operation and maintenance of the 61 kilometers - 2x2 lanes of the Regina Bypass - VINCI.com. CAC 40; Euronext 100

   
 
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- A project totaling approximately $CAN 1.9 billion (€1.3 billion)
- A P3 contract with a term of 30 years
- The first transport infrastructure project to be completed in a public-private partnership scheme in the province of Saskatchewan

Regina Bypass Partners, a (37.5%) subsidiary of VINCI Concessions, in partnership with Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%) has signed with the Saskatchewan Ministry of Highways and Infrastructure a Public-Private Partnership contract with a term of 30 years for the completion and operation of the highway bypass of Regina, the capital city of the province of Saskatchewan in Canada.

The project, which represents a total investment of approximately $CAN 1.9 billion (€1.3 billion), involves the design, financing, construction, operation and maintenance of the 61 kilometers - 2x2 lanes of the Regina Bypass, including 37 kilometers of new construction, 24 kilometers to be renovated and 12 interchanges, together with their access roads and 38 civil engineering structures, for a total of approximately 400 lane-km.

The construction works will last about 4 years. It will be carried out by Regina Bypass Design Builders, a joint venture consisting of Carmacks Enterprises Ltd. (18.75%) a wholly-owned subsidiary of Eurovia, VINCI Construction Terrassement (18.75%), Graham Infrastructure LP (37.5%) and Parsons Canada Ltd. (25%). After construction is completed, the motorway will be operated and maintained by Regina Bypass Operations and Maintenance, a wholly owned subsidiary of VINCI, for a period of 30 years.

Regina Bypass Partners will receive payments during the operating period based on availability of the highway infrastructure.

The Regina Bypass is the first transport infrastructure project to be completed in a public-private partnership scheme in the province of Saskatchewan. The bypass is part of the Trans-Canada Highway 1, which crosses the continent and plays an important role in movement of goods. It will also improve mobility by speeding up traffic flows and will increase traffic safety around the city of Regina.

About VINCI

VINCI is a global player in concessions and construction, employing more than 185,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.

 
 
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VINCI Signs A P3 Contract for the Regina Bypass Project in the Province of Saskatchewan, Canada

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Regina Bypass Project | VINCI
Contact: Paul-Alexis Bouquet - VINCI.com 
+33(0)1 47 16 31 82 paul-alexis.bouquet[.]vinci.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

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