Project Details

✔ Project has been published!

Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: June 15, 2011

Project Name: Sierra Yoyo Desan Resource Road
Year in Operation: 2005
Sector: Transportation
Subsector: Roads, Bridge
Status: In Operation
Type: Repositioning of Existing Facility
Description: The Sierra Yoyo Desan Resource Road (SYD) is a 180 km long road that provides a primary source of access to a land area comprised of oil and gas within the Province of British Columbia. The road has been almost exclusively utilized by oil, gas, and forestry companies and has deteriorated over time due to the use of heavy equipment and severe weather conditions. Because of this, an upgrade of the road was suggested and designed to promote all-season oil and gas activity. This is expected to stimulate economic growth as part of the Province’s Oil and Gas Development Strategy. The upgraded road project consists of the following: 1) a new 22 km bypass and new major bridge across the Fort Nelson River, 2) ongoing operation and maintenance to specific performance standards, and 3) safety enhancements including improved sightlines and road surface. The new road will be gravel-surfaced.
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: Note: All project information was taken from the Partnerships B.C. webpage.

Project Locations

Address: SYD Access Rd
City: Northern Rockies A
State: British Columbia
Country: Canada

Address: Helmet Airport
City: Northern Rockies A
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Land: In 1998, the road was consolidated as a public roadway owned by the B.C. Transportation Financing Authority (BCTFA). The project only upgrades the existing roadway, and therefore, no new ROW or easements were needed to support the project.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): The Province has agreed to make a contribution to the project in the form of royalty rebates equal to 50% of the fees and levies paid by industrial road users.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The contractor will receive annual payments benchmarked at $8million CAD to be paid entirely through fees collected from industrial road users based on their assets and activities in the area. These will be collected by the BC Transportation Financing Authority, and kept in a separate account to pay the contractor—the Province makes no direct contribution to these payments. The payments will be tied to performance in two specific areas: 1) availability of a good, usable road to standards specified in the agreement, and 2) operations and maintenance (O&M) consistent with the agreement at all times. The O&M payments consist of a base payment amount which varies with actual costs, a payment based on the number of rig moves, and a road user satisfaction payment. Failure to meet performance standards in these areas will result in payment deductions.
Checkbox Checked Environmental Clearance: The concessionaire is fully responsible for obtaining environmental permits and respecting environmental regulations as they apply to the design, construction, operations, and maintenance of the new SYD road.

Souces of Project Support (Monetary)

No sources of support selected!

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? No
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
16
0
Forms
Description
Other
Partnerships BC Agreement 

Project Value (If and As Known)

Date of Estimated Project Value: June 15, 2011
Project Value
Hard Cost
Hard & Soft Costs
Construction
< $100 Million US
(none)
Operations & Maintenance
< $200 Million US
(none)
Total
< $200 Million US
(none)
Array ( )

Warning!!!

You are about to delete: .

Confirm Deletion Cancel