http://www.leaderpost.com/news/regina/Canada+give+million+Regina+bypass+project/9808144/story.html
REGINA -- Up to $200 million will be provided through the P3 Canada Fund for the construction of the Regina Bypass. The province of Saskatchewan will fund the remainder of the project costs, at a level which will be determined through a competitive P3 procurement process.
“This project is another excellent example of how the private sector can leverage greater value for public dollars and deliver infrastructure that will benefit Saskatchewan and create jobs and growth for Canadians,” said federal Agriculture Minister Gerry Ritz. “I am proud of our government’s ongoing commitment to developing new infrastructure, and I’m very pleased to support Saskatchewan’s choice to pursue a P3 as a better infrastructure solution.”
“Through the Saskatchewan Plan for Growth, we are committed to addressing the challenges that have come with the unprecedented growth Saskatchewan continues to experience, and creating the conditions for future growth,” said Saskatchewan Highways Minister Don McMorris said. “The Regina Bypass will help address some of the traffic issues we’ve seen on Dewdney Avenue, Victoria Avenue East and at the accesses to the communities on Highway 1, east of the city.”
Quick Facts:
-- A Request for Qualifications (RFQ) will be issued later this month by the province to identify private sector proponent teams interested in bidding on the project.
-- The successful proponent team, once selected, will design, build, finance, operate and maintain the project over a 30 year period.
-- The Regina Bypass will be owned by the province of Saskatchewan.
-- Construction of the bypass is anticipated to take three and a half years and the P3 model is expected to deliver the project on time and on budget.
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