MegaProject 724: British Columbia issues RFQ for bridge P3 project
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The Government of British Columbia, Canada, has issued a request for qualification (RFQ) for interested companies to carry out the development of the new Fraser River crossing project. The project will be arranged under the public-private partnership (PPP) model.
The project involves design, build, partially finance, operate, maintain (DBFOM) of a new 10 lanes 3.3 km cable-stay bridge, the replacement of three key interchanges, and the upgrade of 24 km of the Highway 99. The bridge will have four general traffic lanes, one lane dedicated for high occupancy vehicles (HOV) and transit, and a multi-use pathway for pedestrians. It will also accommodate future SkyTrain line extension.
The new bridge will replace the 1959-opened George Massey Tunnel under the Fraser River. It will be used by approximately 10,000 transit passengers and 80,00 vehicles per day. The new additional lanes are expected to increase the capacity alleviating the traffic and reducing collisions by an estimated 35%.
The concession contact will have a period of 30 years and the total project investment is estimated at CAD$3.5 billion (US$2.7 billion).
The Port Mann Bridge is the last major toll bridge built in the region. The Transportation Investment Corporation anticipates it will lose C$102 million this fiscal year as motorists continue to choose non-tolled alternatives.
The Golden Ears Bridge, the other major toll bridge in the region, loses nearly C$40 million per year. It is expected that the new bridge will have an availability payment structure.
Construction works are scheduled to commence in 2017.
See George Massey Tunnel replacement project technical briefing: