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Results Chart for Delivery Method and Financing
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.]
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.
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.
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.