Chinook Resources Management Group consortium has been selected as the preferred proponent to develop a composting facility for the City of Calgary through a PPP project.
Bird Capital has a 50% interest in the consortium responsible for the project.
The construction will be performed by Nason Contracting Group, a wholly-owned subsidiary of Bird Construction lnc., in a 50% joint venture with Maple Reinders Inc.
The project will be developed on a design, build, finance and operate (DBFO) basis. The facility will process 100,000 wet tonnes per year of source separated organics and leaf and yard material as well as approximately 45,500 wet tonnes per year of biosolids.
The consortium plans to reach financial close in late June of 2015. Construction activity will commence shortly thereafter with completion by mid 2017.
Mr. Ian Boyd, Bird's President and CEO, stated:
"Bird is very excited to take a lead role at the concession level of the Chinook consortium. This project further demonstrates our commitment to the P3 market as both a design-builder and developer."
In addition, Bird is part of the Two Rivers Lodging Group recently selected by BC Hydro as the preferred proponent for the construction of the worker accommodation facility for the Site C dam site. A contract is expected to be awarded in late summer, with a limited notice to proceed in advance of the contract award.