The project, which has a 30-year concession term, was New Brunswick's first public-private partnership highway project and, at the time, was also the largest highway construction project in New Brunswick's history.
Stretching from Longs Creek to Magnetic Hill, the highway includes 21 interchanges with four high-speed interchanges, and 89 structures with two high-level river crossings spanning the Saint John and Jemseg Rivers.
The road opened to traffic in October 2001.
|Nature of Engagement||Procurement, Public-Private Partnerships, Project Finance|
|Procurement Model||DBFOM - Design Build Finance Operate Maintain|
|Client||CIBC Capital Partners, RBC Dominion Securities, Merrill Lynch, TD Securities and the syndicate of underwriters|