Province of Saskatchewan Closes Regina Bypass Project
On August 4, 2015, the Province of Saskatchewan (Ministry of Highways and Infrastructure) reached financial close on the $1.88 billion Regina Bypass Project, Saskatchewan’s largest infrastructure mandate to date.
The project is being delivered through a design-build-finance-operate-maintain P3 procurement model over a 30-year period. The Regina Bypass will consist of a free-flow highway corridor through the Regina region, including approximately 58 km of 4-lane highway and service roads along with a number of interchanges and intersections. The Government of Canada, through PPP Canada, is investing up to $200 million in the project. Construction is scheduled to be completed by fall 2019 with some segments opening in advance of the full bypass completion.
Aird & Berlis LLP represented SaskBuilds and the Ministry of Highways and Infrastructure with a team that included Douglas Younger, Heidi Visser, Patrick Oufi and Lorway Gosse (Project Infrastructure) and Scott Stoll and Zoë Thoms (Utilities).
Aird & Berlis LLP provided strategic guidance and advice to SaskBuilds and the Ministry of Highways and Infrastructure in all aspects of the project from its outset, working closely with stakeholders, financial advisors and owners’ engineers in the course of developing “made-in-Saskatchewan” template documentation, negotiating with short-listed bidders and, ultimately, bringing the project to commercial and financial close.