Professional cost estimators calculated the cost of building and maintaining the Bypass was $2.2 billion. The $1.88 billion Graham-team P3 bid was less expensive so it was accepted.
Ernst & Young verified the P3 will save Saskatchewan people $380 million.
This Bypass is expected to create over 8,200 jobs.
The lead builder on the Bypass is Graham construction, founded in Moose Jaw in 1926. It is being designed by four companies out of Regina and Saskatoon.
Saskatchewan business groups have endorsed P3s as a way to improve infrastructure and create jobs. This includes:
Why did the project costs change?
The Government’s total investment of $1.88 billion includes the full cost of the Bypass over the next 30 years and construction.
The previous estimates were based only on the construction-related costs. The cost of construction alone is in line with the $1.2 billion estimate.