The project won multiple awards, including the
The project, which will establish permanent flood protection measures for the region, involves
The Fargo-Moorhead Area Diversion is the first PPP flood management project in North America.
On June 18, 2021, The Metro Flood Diversion Authority (MFDA) selected Red River Valley Alliance—a consortium of private companies—as its P3 partner for the Fargo-Moorhead Area Diversion project, following a unanimous vote by its board of directors.
The comprehensive project will remove the threat of disastrous flooding with a design to withstand a 100-year flood event and additional protections in place to provide resiliency in the event of a 500-year flood.
Financial close was announced on November 1, 2021.
Completion of the project is anticipated by spring of 2027.
Further information on the project can be found on the FM Area Diversion website.
Torys acted as counsel with a team led by Tara Mackay, Josh Van Deurzen and Jessica Ho-Wo-Cheong.
|Jurisdiction||Fargo and Moorhead|
|Province/State||North Dakota, Minnesota|
|Nature of Engagement||Project Finance, Public-Private Partnerships, Procurement|
|Procurement Model||DBFOM - Design Build Finance Operate Maintain|
|Client||Red River Valley Alliance (Acciona Concessions/Shikun & Binui/North American Construction Group)|