The consortium is led by Vinci Concessions (37.5%) and also includes Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%). It has been designated by the Saskatchewan Ministry of Highways & Infrastructure as the preferred proponent for the contract, which will have a term of 30 years.
The construction works, which are estimated to last about four years, will be carried out by a joint venture consisting of Carmacks – a wholly-owned subsidiary of Eurovia (18.75%), Vinci Construction Terrassement (18.75%), Graham (37.5%) and Parsons Canada Ltd. (25%). After construction is completed, the motorway will be operated and maintained by a subsidiary of Vinci (100%), for a period of 30 years.
The Regina Bypass is the first transport infrastructure project to be completed by a public-private partnership in the province of Saskatchewan. The bypass is part of the Trans-Canada Highway 1, which crosses the continent and plays an important role in movement of goods. It will also improve traffic flows around the city of Regina.
The project involves the design, financing, construction, operation and maintenance of the 61km dual two-lane bypass, including 37km of new construction, 24km of renovation and 12 interchanges, together with their access roads and 38 structures, for a total of approximately 400 lane-km.