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 16, 2009

Project Name: Golden Ears Bridge, BC, Canada
Year in Operation:
Sector: Transportation
Subsector: Bridge
Status: Design / Construction
Type: New Facility
Description: New six lane bridge plus 15 kilometers of new road over the Fraser River between Langley and Maple Ridge BC, with a clearance up to 40 meters above the river.
Delivery Method as described in the country where it's located: Design Build Operate Maintain
Is the project still active: Yes
Comments: General Partnership to Design, Build, Operate & Maintain project for TransLink (the South Coast British Columbia Transportation Authority) over a 35.5 year period. General Partnership has contracted with a Joint Venture to design and cosntruction the facility. Payments to Contractor are from Govt. Entity. Tolls separately set and collected by Govt. entity.

Project Locations

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

Address:
City: Maple Ridge
State: British Columbia
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Three separate agreements (Project Agreement, O&M Repair Agreement, Design Build Agreement) signed between Translink (govt.) and Contractor. Agreements provide for specified payments from government to contractor throughout 384 month contract period, with specified deductions for performance and specified additions for CPI.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: Direct payment commitments from government to contractor over the 34 year period of contract. Contractor arranges month to month financing (similar to typical government contractor obligations) based on contract commitments of cash flow from the government. Expected (prior to adjustment): payments of $CDN 144 million during expected 36 month design and build period and payments of $CDN 1.624 billion during following 336 months of operations and maintenance.

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
32
0
Forms
Description
Other
Prepared by Government for use during the competition. 

Project Value (If and As Known)

Date of Estimated Project Value: June 1, 2006
Project Value
Hard Cost
Hard & Soft Costs
Total
$500 Million - 2 Billion US
(none)

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