Released on May 5, 2014
Gerry Ritz, Minister of Agriculture and Agri-Food and Member of Parliament for Battlefords–Lloydminster on behalf of Joe Oliver, Minister of Finance, 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 Saskatchewan Highways and Infrastructure Minister and Minister responsible for SaskBuilds Don McMorris.
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.
“This project is another excellent example of how the private sector can leverage greater value for public dollars and deliver infrastructure that will benefit Saskatchewan and create jobs and growth for Canadians,” said Ritz. “I am proud of our government’s ongoing commitment to developing new infrastructure, and I’m very pleased to support Saskatchewan’s choice to pursue a P3 as a better infrastructure solution.”
“Through the Saskatchewan Plan for Growth, we are committed to addressing the challenges that have come with the unprecedented growth Saskatchewan continues to experience, and creating the conditions for future growth,” McMorris said. “The Regina Bypass will help address some of the traffic issues we’ve seen on Dewdney Avenue, Victoria Avenue East and at the accesses to the communities on Highway 1, east of the city.”
- 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.
- 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 2013 the Government provided an additional $1.25 billion over five years to renew the Fund.
For more information, contact:
Office of the Minister of Finance
Department of Finance
Highways and Infrastructure
PPP Canada Media Inquiries