Archived - Government of Canada and Province of Saskatchewan Announce P3 Funding to Support the North Commuter Parkway and Traffic Bridge Replacement Project

June 9, 2014 – Saskatoon, 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 will help fund the North Commuter Parkway and Traffic Bridge Replacement project in Saskatoon.

Through the P3 Canada Fund the federal government will provide an investment of up to $66 million to the project while the Province of Saskatchewan will contribute $50 million. The Minister was joined at the event by Brad Wall, Premier of Saskatchewan, and Donald J. Atchison, Mayor of Saskatoon.

The project involves the replacement of the 107-year-old Traffic Bridge in the City’s downtown core, the development of a new bridge crossing in the City’s north end, as well as connecting roadways. Once the Parkway and the two bridges are opened traffic congestion will be reduced and travel times will be shorter for vehicles and public transit, resulting in reduced greenhouse gas emissions and improved air quality.

• This will be the fourth P3 Canada Fund project in the Province of Saskatchewan.
• A Request for Qualifications will be issued in the coming weeks by the City of Saskatoon 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.
• Construction of the Parkway and traffic bridge is anticipated to take three construction seasons, and the P3 model is expected to deliver the project on time and on budget.
• The $1.2-billion 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.

• www.p3canada.ca

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

Kathy Young
Executive Council
Government of Saskatchewan
306-787-0425

Richard Brown
Chief Communications Officer
Office of the Mayor
City of Saskatoon
306-975-3202

PPP Canada Media Inquiries
media@p3canada.ca or
613-947-9480/1-877-947-9480