Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: March 4, 2010

Project Name: Alaska Gas Pipeline
Year in Operation:
Sector: Transportation
Subsector: Transportation Terminal, Energy Transmission (Oil, Gas, Power)
Status: Project Definition / Programming
Type: New Facility
Description: Proposed natural gas transmission pipeline from Prudhoe Bay, Alaska through Alberta to connections leading to Midwest USA Chicago. The project has been licensed by the State of Alaska (Dec, 2008) under its Alaska Gasline Inducement Act, and is awaiting federal energy regulator review. After several extensions the state of Alaska and TransCanada terminated their AGIA agreement in 2014.
Delivery Method as described in the country where it's located: Concession
Is the project still active: No
Comments: Proposed long term mineral lease of right to transmit natural gas over federal and state lands. Concession arrangement, with state to determine tax rates on natural gas as revenues from lease.

Project Locations

Address:
City: Prudhoe Bay
State: British Columbia
Country: Canada

Address:
City: Whitehorse
State: Alberta
Country: Canada

Address:
City: Fort St. John
State: Yukon
Country: Canada

Address:
City: Edmonton
State:
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Similar in structure to Trans Alaska Pipeline, with lease grants to transmit natural gas across federal, state, native, and private land.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): Alaska Gas Inducement Act authorized $500 million in initial support to explore routes, etc. Winning proposer selected in 2008, and Alaska license signed in December, 2008. The State of Alaska and TransCanada terminated their agreement in 2014.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): In exchange for long term concession (lease) across lands, rights to private builder/operator to collect revenues from sales of transmitted natural gas.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Feb 2010 development costs were estimated at $41 billion (US) up from $26 billion estimate in 2008. Mix of debt and equity.

Checkbox Checked

From Producers as Equity: Feb 2010 development costs were estimated at $41 billion (US) up from $26 billion estimate in 2008. Mix of debt and equity.

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 independent checking engineer? Yes
Project Finance Method: All By Private 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
10
0
Forms
Description
Other
License awarded in 2008. There is a competing proposal working its way through a federal process. Terms were never concluded. 

Project Value (If and As Known)

Date of Estimated Project Value: February 2, 2010
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
> $5 Billion US
(none)
Total
> $10 Billion US
(none)

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