Archived - Governments of Canada and Saskatchewan Contribute up to $200 Million to the Completion of the Regina Bypass Project
May 5, 2014 – White City, Saskatchewan – Department of Finance
On behalf of Finance Minister Joe Oliver, Minister of Agriculture and Agri-Food and Member of Parliament for Battlefords–Lloydminster Gerry Ritz today announced the Government of Canada’s investment of up to $200 million in a public-private partnership (P3) to support the construction of the Regina Bypass. The Minister was joined at the event by the Honourable Don McMorris, Minister of Highways and Infrastructure and Minister Responsible for SaskBuilds for the Province of Saskatchewan.
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.
- Subject to PPP Canada entering into a funding agreement with the Government of Saskatchewan, a contribution of up to $200 million will be provided through the P3 Canada Fund for the construction of the Regina Bypass.
- A 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.
- The Regina Bypass will be owned by the Province of Saskatchewan.
- Construction of the bypass is anticipated to take three-and-a-half years and the P3 model is expected to deliver the project on time and on budget.
- The P3 Canada Fund is managed by PPP Canada, a Crown corporation responsible for advancing Canadian P3s through the provision of expert advice and support to all levels of government.
- In 2008, the Government of Canada announced the creation of the $1.2 billion P3 Canada Fund, and in Economic Action Plan 2013the Government provided an additional $1.25 billion over five years to renew the Fund.
Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861
Jack Aubry
Media Relations
Department of Finance
613-996-8080
Doug Wakabayashi
Saskatchewan Ministry of Highways & Infrastructure
306-787-4804
PPP Canada Media Inquiries
media@p3canada.ca or
613-947-9480/1-877-947-9480
