Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

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

Background informationProject Created: April 9, 2009

Project Name: Edmonton Anthony Henday Drive (NW)
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Design / Construction
Type: New Facility
Description: 21 kilometers of new four and six lane divided freeway from Highway 16 in the west to Manning Drive in the east, with additional basic and auxiliary lanes, 29 bridges, eight interchanges, five flyovers, two rail crossings and pre-grading for future interchanges.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments: 30-year contract to design, build, operate and maintain Anthony Henday Drive freeway across the northern tier of Edmonton, Alberta, Canada. DBOM contract with NorthwestConnect General Partnership with construction between 2008 and 2011, followed by 30 years of O&M.

Project Locations

Address:
City: Edmonton
State: Alberta
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Assistance from Government.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 30 year contract commitment to pay specified sums for long term O&M, including recovery of construction costs not paid by government and financing costs for financing furnished by contractor.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: CDN$1.42 Billion project total project costs. Project comparator established prior to the competitive award of the DBOM contract established that the government's expected price for the project would have been CDN$1.65 Billion under a traditional design-bid-build delivery method followed by private sector O&M. [All of Alberta's provincial roads have been privately maintained since 1997.]

Arrow Right
Checkbox Checked

Direct Cash Support: CDN$500 million in direct funding by the Province of Alberta during construction, followed by regular payments over 30 years to NorthwestConnect once the north west leg of Anthony Henday Drive opens to traffic.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: CDN$266.26 million in a senior secured bonds due April 30, 2041 CDN$353.20 million in senior secured bank loan obligations.

Checkbox Checked

Rated by Standard & Poors: "A" senior secured debt rating assigned on July 30, 2008 to NW Connect's NW Anthony Henday project related senior debt obligations of CDN$266.26 million in a senior secured bonds due April 30, 2041, and for CDN$353.20 million in senior secured bank loan obligations.

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 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
34
0
Forms
Description
Other
Government form included with RFP. 

Project Value (If and As Known)

Date of Estimated Project Value: April 9, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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