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 29, 2009

Project Name: Trans-Canada Hwy 4-lane Upgrade (NB)
Year in Operation: 2007
Sector: Transportation
Subsector: Roads, Bridge
Status: In Operation
Type: New Facility
Description: The project is a substantial upgrade to that portion of the TransCanada highway in the province of New Brunswick: including (a) the delivery of 98 km of highway between Grand Falls and Woodstock, and the selected upgrade of 128 km of existing four-lane highway between the Quebec Border and Fredericton.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: Contractor financed initial design and construction, payments commenced only after improvements opened to traffic in November 2007.

Project Locations

Address:
City: Sackville
State: New Brunswick
Country: Canada

Address:
City: Edmonston
State: New Brunswick
Country: Canada

Address:
City: Grand Falls
State: New Brunswick
Country: Canada

Address:
City: Longs Creek
State: New Brunswick
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Land: The land is owned by the Province of New Brunswick.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: The province of New Brunswick will make an initial payment to support design and construction, and will make, after the facilities open, availability payments to the DBOM contractor, funded through the Canada-New Brunswick Highway Improvement Program, the Canada-New Brunswick Strategic Highway Infrastructure Program, the Strategic Highway Improvement Program, and the Canada-New Brunswick Agreement on the Completion of the Twinning of the Trans-Canada Highway in New Brunswick.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Private sector funds were used to complete initial design and construction of the 98 km segment, under a guaranteed maximum priced contract for 543.8 million ($Cdn).

Checkbox Checked

Rated by Standard & Poors: An investment-grade financing rated by Standard & Poor's was directly placed with Canadian institutional investors.

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? Yes
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
28
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: February 7, 2005
Project Value
Hard Cost
Hard & Soft Costs
Operations & Maintenance
< $200 Million US
(none)
Total
$500 Million - 2 Billion US
(none)
Array ( )

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