Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: July 14, 2009

Project Name: Prince Rupert Port Expansion (Phase 2)
Year in Operation:
Sector: Transportation
Subsector: Airport, Port, Transportation Terminal
Status: Design / Construction
Type: New Facility
Description: Phase 2 of airport facilities expansion focused on the creation of a state-of-the-art container terminal that will occupy 200 acres of land.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: DBFOM with 30-year concession that the private entity secured when the terminal was first constructed in 2007.

Project Locations

Address:
City: Prince Rupert
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The land is owned by the Prince Rupert Port Authority (PRPA), a port authority operating as a not-for-profit Crown corporation of the Government of Canada.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: The Western Economic Diversification Canada department of the Government of Canada has committed $30 million. The provincial government of British Columbia has also funded $30 million. The Prince Rupert Authority contributed $25 million.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Maher Terminals committed $60 million and CN Rail contributed $25 million.

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
36
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: June 1, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
< $200 Million US
(none)

Warning!!!

You are about to delete: .

Confirm Deletion Cancel