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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: During the 2 year construction period, the government provided no capital payments to the concessionaire other than a Provincial Contribution that was paid as a lump sum upon completion of construction of all 18 schools. After “Total Availability” i.e. construction of all schools was complete, the first of 360 fixed monthly capital payments commenced. Over the 30 year maintenance and renewal period, the government will provide monetary support to the concessionaire through 360 monthly maintenance and renewal payments. These payments are indexed annually and contingent on the concessionaire’s achievement of performance standards.
From Private Capital Markets Directly to Producers as Debt: The Concessionaire is required to “partially finance” the construction of the project over the contract term. After the project’s construction phase is fully complete, the concessionaire will receive a Provincial Contribution of $125 million towards the cost of construction.