Rock to Road

Features Investments Roads & Paving
Government commits $200 million to Regina bypass


May 7, 2014
By Rock to Road

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May 7, 2014, Regina, Sask. – The Government of Canada will
invest up to $200 million in a public-private partnership (P3) to support the
construction of the Regina Bypass.

May 7, 2014, Regina, Sask. – The Government of Canada will
invest up to $200 million in a public-private partnership (P3) to support the
construction of the Regina Bypass.

 

The Bypass plan will feature new roads, service roads and
overpasses that will make travelling around Regina faster and safer. By using a
P3 model, the Regina Bypass is anticipated to take only three-and-a-half years
to construct, with priority components opening in advance of the full bypass
completion. The use of the P3 model will also improve cost-effectiveness, ensure
timely completion, provide budget certainty, and allow scope for private sector
innovation.

 

By using a P3 model, the Regina Bypass is expected to be
open to traffic years earlier than under a traditional delivery model, with
priority components opening in advance of the full bypass completion. The P3
model also encourages innovations, which improve cost effectiveness, service
and safety standards, trip times and overall distances.

 

The funding is subject to PPP Canada entering
into a funding agreement with the Government of Saskatchewan. Request for
Qualifications (RFQ) will be issued later this month by the province to
identify private sector proponent teams interested in bidding on the project.
The contractor, once selected, will design, build, finance, operate and
maintain the project over a 30-year period.


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