Concert Infrastructure acquires 20% stake in Canadian school PPP

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Concert Infrastructure has announced the acquisition of its partner Bird Capital Limited’s 20% interest in the PPP concessions responsible for 18 schools and nine childcare facilities in Saskatchewan. Developed as the Saskatchewan Joint-Use Schools Project I (SJUSP I) and Saskatchewan Joint-Use Schools Project II (SJUSP II), the projects made up the largest school construction program in the history of the province at the time of construction.

Concert Infrastructure now wholly owns each of the Project Companies. With the direct and dedicated support of Concert Infrastructure under the existing Management Services Agreement, Johnson Controls remains the day-to-day facilities management service provider. This acquisition further supports Concert Infrastructure’s strategy of investing in primary and acquiring secondary infrastructure assets as well as managing these assets through the term of their concession.

SJUSP I and SJUSP II are two groups of joint-use schools in Regina, Saskatoon, Warman and Martensville, that comprise 18 schools and nine childcare facilities, on nine sites. Concert Infrastructure and Bird Construction delivered over 1.3 million square feet of new space, accommodating 11,100 pre-kindergarten to grade eight students, and 810 toddlers and infants. 

All 18 schools were completed on-time and on-budget in under two years, under a design-build-finance-maintain agreement with the Government of Saskatchewan and Saskatchewan Ministry of Education. The schools are environmentally-sustainable infrastructure projects with four joint-use schools achieving LEED Silver certification and five joint-use schools achieving LEED Gold certification. The two SJUSP were the recipient of a Silver Award for Innovative Partnership from The Canadian Council for Public-Private Partnerships in 2015.

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