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Alberta inks $769 million Stoney Trail contract


April 11, 2010
By Andy Bateman

April 11, 2010 – The Alberta government
has signed a 33-year contract with Chinook Roads Partnership to design, build,
operate and partially finance Stoney Trail from 17th Avenue SE to east of
Macleod Trail. The contract also includes maintenance of Deerfoot Trail from
its junction with Stoney Trail SE (currently Highway 22X) to its junction with
Highway 2A.

The public-private partnership (P3)
contract is worth $769 million in 2010 dollars. This compares to the estimated
cost of $1.8 billion using traditional delivery. The Alberta government will advance $232 million
during the construction phase while the Government of Canada is providing up to
$100 million through the Major Infrastructure Component of the Building Canada
Plan. Once the road opens to traffic, the Alberta government will make monthly
payments over the 30-year life of the contract.

Chinook Roads Partnership will start
construction in May 2010 and the road will open to traffic by the fall of 2013.
Chinook’s partners include affiliates of SNC-Lavalin Inc., which have been
present in Alberta since the 1950s and now
employ more than 1,600 people in the province, and Acciona S.A., which has been active in the P3 market in Canada since 2001 and in Alberta since 2003.

The project includes 25 kilometres of
six-lane roadway, nine interchanges, one road flyover, two rail flyovers and 29
total bridge structures. In terms of scope, it’s the largest single highway
project in Alberta’s
history. The roadway’s main line will be completely free-flow and have no
traffic lights. Approximately 70 per cent of the Calgary ring road will be open to traffic
once Stoney Trail SE is completed.

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Using Alberta’s P3 model for highways allows
Stoney Trail SE to be built two years sooner than through conventional
delivery. Stoney Trail SE is the fourth project to use Alberta’s P3 model for highways.