On 29 May 2014, the city of Regina (Canada) announced that EPCOR Saskatchewan Water Partners has been chosen as the preferred proponent to develop the City's new Sewage Treatment Plant through a PPP project.
The consortium EPCOR Saskatchewan Water Partners is formed by: Lockerbie Stanley Inc./AECON (design and construction lead), Stantec (design), EPCOR Water Services Inc.(project lead, operation and maintenance lead, financing team), Gracorp Capital Advisors (project Lead, financing lead) and Graham Infrastructure LP (design and construction lead).
The consortium beat out competition from two others teams that was shortlisted in October 2013.
Michael Fougere, Mayor of Regina, stated:
I'm pleased to announce that EPCOR's proposal is under what the City's budget identified for this project. This is an example of how public- private-partnerships can benefit communities, and shows that our residents made the right choice when they voted to support a public-private-partnership for our Sewage Treatment Plant.
The project will be developed on a design, build, finance, operation and maintenance basis. The financial close is scheduled to be achieved in about eight weeks.
The proposal price also came in below the CAD$224 million the city had projected for both construction and long-term operations and maintenance of the facility. The Sewage Treatment Plant has been approved for up to CAD$58.5 million in federal funding through the P3 Canada Fund, with the final grant being calculated based on 25 per cent of eligible capital expenses.
The new plant is envisioned to allow for better protection to public health, improve water quality for downstream residents and meet the needs of a growing city. Construction is expected to begin later this year, and is expected to be completed by the end of 2016.