Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: June 15, 2009

Project Name: Alberta Schools I - Calgary
Year in Operation:
Sector: Buildings
Subsector: School
Status: Design / Construction
Type: New Facility
Description: Provision of nine (9) new schools in Calgary (Alberta) on a design build maintain basis, financed by the province of Alberta through 30 year commitment to pay for availability of concession period. Contractor "finances" the projects based on commitment of provincial funding. Schools will achieve LEED Silver Certification in design.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: Design Build Operate Maintain, but called a PPP. Financing is guaranteed by province upon delivery of the schools. DOLLAR VALUES ARE ESTIMATES, because Province has not disclosed figures.

Project Locations

Address:
City: Calgary
State: Alberta
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Schools are to be built on sites owned by the City of Edmonton, its school board or the Province of Alberta. Site ownership is retained by government.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 30 year commitment to make specified payments upon completion of schools and continued performance of repair and maintenance commitments by the contractor.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: Payments from Province and Local Governments.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Concessionaire is borrowing money to fund initial design and construction.

Checkbox Checked

From Producers as Equity: Concessionaire and contractors are providing equity in support of initial construction.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
32
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: September 10, 2008
Project Value
Hard Cost
Hard & Soft Costs
Total
$200-500 Million US
(none)

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