Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DB
# of Projects: 1
100% of the Results

Background informationProject Created: July 10, 2009

Project Name: Port Mann Bridge and Hwy 1 Upgrade Project
Year in Operation:
Sector: Transportation
Subsector: Bridge, Roads, Transit
Status: Design / Construction
Type: New Facility
Description: The project includes designing and building a cable-stayed 10 lane replacement bridge over the Fraster River, and upgrading 3 miles of Hwy 1 on each side of the river, including an HOV lane, cycling access and bus service to the bridge. The new bridge will be the widest in Canada.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments: The Province's original plan for a 40 year concession to operate and maintain bridge and upgraded portions of Hwy 1 fell through with the Connect BC Development Group, of which MacQuarie Group was a part. The project was converted to Design Build with public O&M.

Project Locations

Address:
City: Vancouver
State: British Columbia
Country: Canada

Address:
City: Port Mann
State: British Columbia
Country: Canada

Address: 2480 United Blvd
City: Coquitlam
State: British Columbia
Country: Canada

Address: 15000 115A St
City: Surrey
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The land is owned by the British Columbia Ministry of Transportation and and the Province of British Columbia. Original plan was a DBOM contract which would include 40 years of O&M for which contractor is to be paid fixed amounts that permit recovery of ongoing O&M as well as portion of initial design and construction that was financed by contractor.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: 1.15 Billion in repayable loans from the Province of British Columbia. Private financing of approximately 1.15 Billion in debt from financing banks did not materialize. Neither did private equity.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for both initial design and construction with a single entity. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes

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
Initial Design and Construction
6
0
Forms
Description
Other
BC govt. format. 

Project Value (If and As Known)

Date of Estimated Project Value: February 27, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$2-10 Billion US
(none)

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