August 04, 2015
Torys acted as counsel to Regina Bypass Partners (Connor Clark & Lunn GVest/Gracorp Capital/Parsons Enterprises/VINCI Concessions) as the successful proponent for the C$1.88 billion Regina Bypass PPP project to design, build, finance, operate and maintain a new highway around Regina, Saskatchewan.
|Procurement Model:||DBFOM - Design Build Finance Operate Maintain|
|Client Name:||Regina Bypass Partners (Connor Clark & Lunn GVest/Gracorp Capital/Parsons Enterprises/VINCI Concessions)|
|Client Role:||Private Partner|
|Project Value:||$1,880,000,000 CAD|
The project, which is part of Trans-Canada Highway 1, consists of a freeflow highway through the Regina region, including:
This is Saskatchewan’s first transportation project undertaken as a public-private partnership.
On August 4, 2015, SGTP Highway Bypass Limited Partnership (known as Regina Bypass Partners), a consortium consisting of Connor Clark & Lunn GVest, Gracorp Capital, Parsons Enterprises and VINCI Concessions, achieved financial close on the project with the Minister of Highways and Infrastructure on behalf of the Government of Saskatchewan. The project represents a total investment of C$1.88 billion.
Construction is scheduled to be completed by fall 2019 with some segments opening in advance of full bypass completion.
Torys represented Regina Bypass Partners with a team that included Tara Mackay, Dan Ford, Milosz Zemanek, Graeme Murray, Josh Van Deurzen and Min Kim.