HOCHTIEF Building · Project Example
|Client||Alberta Province, Canada|
|Contract||Planning, financing, construction and operation of a section of the new beltway around Edmonton in Alberta Province, Canada|
|Contract volume||EUR 1.39 billion|
|Contract period||34 years (2012-2046)|
|Shareholders||HOCHTIEF PPP Solutions through HOCHTIEF PPP Solutions North America (25 %), ACS Infrastructure Canada (25 %), Meridiam Infrastructure North America (50 %)|
|Special feature||Contract secured jointly by HOCHTIEF, Flatiron, ACS and Dragados|
Saving time was the winning argument that persuaded the Northeast Anthony Henday Drive’s client to choose a PPP solution. Thanks to this partnership with private business, this infrastructure project was completed three years earlier than would have been the case with a conventional model. The starter shot for the project was financial close which the consortium around HOCHTIEF PPP Solutions North America and ACS reached in May 2012.The partners will designed, built, partially financed and now operate the section of beltway around the city of Edmonton in Alberta, Canada. The contract has a total value of EUR 1.39 billion making it the biggest PPP road project that Alberta Province has awarded to date.
Flatiron Construction Corp.
Headquarters 385 Interlocken Crescent
CO 80021 Broomfield • USA
Tel: +1 303 485-4050
Fax.: +1 303 485-3922
HOCHTIEF PPP Solutions North America Inc.
2 Bloor St East, Suite 701
M4W 1A8 Toronto, ON • Kanada
Tel: +1 647 259-3740
Fax.: +1 647 259-3741