A group including Meridiam, Kiewit Canada Development Corporation and Graham Capital Partners has been given the go-ahead to build a Calgary ring road.
The Mountain View Partners consortium was given a 35-year, CAD1.4bn (€950m) contract by the Alberta government to design, build, operate and partially finance the Southwest Calgary Ring Road.
The province will fund 60% of construction costs for the 31km project, which will advance the completion of the Calgary Ring Road.
Mountain View Partners was formed by Meridiam Infrastructure North America Corporation, Kiewit Canada Development, Graham Capital Partners and Connor, Clark & Lunn Infrastructure and Ledcor Developments.
Jane Garvey, chairman at Meridiam North America said: “Meridiam feels privileged to be part of this landmark project to advance Calgary’s Ring Road. We’re thrilled to develop our second asset in Alberta with the province and to invest alongside our partners in this key project for continued economic growth.”
A new six and eight-lane divided freeway, plus additional basic and auxiliary lanes, will be built by Mountain View Partners.
The project includes 14 interchanges, river-crossing structures at the Elbow River, a creek-crossing structure at Fish Creek, a culvert at Cullen Creek, three watercourse realignments and additional pre-grading for future interchanges.
The government of Canada has committed up to 25% of eligible cost, including design, construction, engineering, project management and utility relocations.
Mountain View Partners will start construction later this year, with the road expected to open to traffic in 2021.