The Government of Canada has announced that it is investing, through the P3 Canada Fund, in a public-private partnership (P3) to support the construction of the Regina Bypass (Saskatchewan, Canada).
Gerry Ritz, Minister of Agriculture and Agri-Food, announced it on behalf of the Minister of Finance, Joe Oliver. The Minister was joined at the event by Don McMorris, Minister of Highways and Infrastructure for the Province of Saskatchewan.
Subject to PPP Canada entering into a funding agreement with the Government of Saskatchewan, a contribution of up to C$200 million will be provided through the P3 Canada Fund for the construction of the Regina Bypass. The Province of Saskatchewan will fund the remainder of the project costs, at a level which will be determined through a competitive P3 procurement process.
The bypass plan features new roads, service roads and overpasses that will make traveling around Regina faster and safer. A twinned highway begins at Highway 11 northwest of Regina, and continues south to Highway 1.
The bypass route runs approximately 5 km south of Highway 1, past Tower Road, before re-connecting with Highway 1 on the east of Regina. The project will also include three overpasses at Pilot Butte Access Road, Highway 48 at White City, and Highway 46 at Balgonie.
The contractor, once selected, will design, build, finance, operate and maintain the project over a 30-year period
. Construction of the bypass is anticipated to take three and a half years and the P3 model is expected to deliver the project on time and on budget.The project has an estimated cost of CAD$1.2 billion
.Tetra Tech, EBA and MMM Group are acting as project consultants
for the south and southeast stretch respectively.