Through the P3 Canada Fund, the Government of Canada will provide an investment of up to $48.4 million toward the construction of the facility.
The project involves the development of a indoor vehicle storage with capacity to accommodate of approximately 400 buses, 40 maintenance bays, two steam bays, on-site natural gas compression, and Compressed Natural Gas storage distribution infrastructure, and an administrative facilities.
The project will be developed on a design, build, finance and maintenance (DBFM) basis for a period of 30 years.
The project investment is estimated at CAD$274 million. A Request for Qualifications is scheduled for release in December 2014. The project is expected to be awarded by 2015 and to be operational by 2018.
Devinder Shory, Member of Parliament for Calgary Northeast, stated:
Our Government is proud to see cities like Calgary adopting a modern and innovative approach to infrastructure development. The Stoney Compressed Natural Gas Bus Maintenance Facility is a forward-thinking project that will provide long-term value for Calgarians.
This CNG Transit Garage initiative responds to the following pressures on Calgary Transit's bus storage and maintenance capacity: