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 10, 2009

Project Name: Sea to Sky Highway Improvements, BC
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Design / Construction
Type: Substantial Alteration of Existing Facility
Description: Road improvements from West Vancouver to Whistler, including additional lanes, passing lanes, median barriers, better pavement markings, shoulders, rumble strips, lighting, rock fall and debris catchment, signage, crossings.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments: Expansion and upgrade to existing highway, plus 25 year performance-based contract for O&M. This project intended to support 2010 Winter Olympics.

Project Locations

Address:
City: Vancouver
State: British Columbia
Country: Canada

Address:
City: Whistler
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Existing highway. Additional ROW with assistance of Province.
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s): Province has made a series of payment commitments through long term contract for Design Build Operate and Maintain the expaned highway over a 25 year period following construction.
Checkbox Checked Environmental Clearance: Assistance of Province.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: Province commits to performance payments during design and construction, plus availability payments during the 25 year operations period, with performance deductions.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Contractor finances initial delivery and long term O&M through financing banks, in reliance on Province's commitments to specified payments in the DBFO Contract.

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
29
0
Forms
Description
Other
Established by the Province in the RFP, for comment prior to final submittals. 

Project Value (If and As Known)

Date of Estimated Project Value: April 10, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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