The City of Saint John, New Brunswick, Canada, and Port City Water Partners have achieved commercial close for the City's Safe Clean Drinking Water PPP project.

Under the PPP agreement, Port City Water Partners will design, build, finance, operate and maintain (DBFOM) a new water treatment plant on the City's East side under a 33 year agreement. Port City Water Partners will also design, build and finance 20 kms of pipeline to renew the City's water transmission and distribution system.

Port City Water Partners is a consortium composed of:

• Brookfield Financial Corp., a global investment bank,
• Spain's Acciona Agua,
• North America Construction Ltd.
• AMEC Environment and Infrastructure
• engineering company Dessau Inc.
• Quebec's Simo Management Inc.
• FCC Construction
• local civil construction firm Gulf Operators

The project includes the construction of a new seventy-five million litre per day water treatment plant, storage reservoirs on the East side and a number of other high impact and critical water transmission system improvements throughout the City.

The total project investment is estimated at CAD216 million (US$156 million).

The new water treatment plant and other project components will be completed by no later than November 2018. The City's West side is scheduled to be supplied with groundwater from newly drilled wells by the end of 2017.