Parkway & Traffic Bridge - Procurement Complete

The City of Saskatoon is pleased to announce it has finalized a Project Agreement with Graham Commuter Partners (GCP) for the North Commuter Parkway and Traffic Bridge project. This is the City’s second Public-Private-Partnership (P3) project. 

The Project Agreement covers a period of 33 years (3 years for construction and 30 years for operation and maintenance). Over that timeframe, GCP will design, build, finance, operate and maintain the North Commuter Parkway, which includes the new river crossing and extensions of Central Avenue and McOrmond Drive; and will design, build, finance and maintain the Traffic Bridge.

“The City will retain ownership of all assets throughout the entire contract period,” says Jeff Jorgenson, General Manager, Transportation & Utilities.

The capital costs, including the fixed cost price from GCP, came in at $238.8 million. Once the costs of operation, maintenance and rehabilitation are added in, the total estimated costs for the 33 year period are $497.7 million (including inflation). These figures are in line with the project funding plan. Upon substantial completion of the project, the City will pay GCP $108.7 million. Following that, the City will make monthly payments to GCP for a period of 30 years.

GCP is a consortium comprised of Gracorp Capital LP, Graham Infrastructure, Buckland & Taylor, Tetra Tech, Clifton, ASL Paving, BBGI, and National Bank Financial.

Construction is expected to start on the new Traffic Bridge in the coming weeks. Work on the North Commuter Parkway will get underway early in the new year. Substantial completion of both bridges is scheduled for October 2018.

For more information, visit saskatoon.ca/bridging.

For more City of Saskatoon Public Service Announcements, News Releases, Traffic Detours and Service Alerts, visit saskatoon.ca or connect with the City of Saskatoon on Twitter and Facebook.