City seeks industry proposals for bundled interchange projects

The City Administration is asking for City Council permission to go ahead with the first steps of building two new road interchanges.  An urgent report has been added to the agenda of Council’s Monday afternoon meeting.

“We are taking the unusual step of seeking procurement of these projects before the federal government funding has been secured,” says Major Projects Director, Mike Gutek.

“We remain confident this project will be favourably considered by the Provincial and Federal Governments, but timing is becoming a factor.”

The City made an application to the Building Canada Fund seeking $29 million for the Highway 16 & Boychuk Drive interchange portion of this project, with approximately $14.52 million coming from each of the Federal and Provincial governments.

Negotiations with Dream Developments concluded in August 2015 and confirmed a funding strategy for the interchange at McOrmond Drive & College Drive.

In the unlikely event that the City’s application for Building Canada funding is not approved for the interchange, the Major Transportation Infrastructure Funding (MTIF) Plan, which consists of reserve funding, Building Canada Funding and borrowing as its main funding sources, would be adjusted to fund this project. 

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