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PARKWAY & TRAFFIC BRIDGE PROJECT REACHES FINANCIAL CLOSE

For immediate release: October 21, 2015 - 1:30 pm
TU15-399

The City is pleased to confirm that Financial Close has been achieved with Graham Commuter Partners for the North Commuter Parkway and Traffic Bridge project.

“This was a very competitive procurement process and we thank each of the three proponents for their submissions,” says Dan Willems, Special Projects Manager with Major Projects. “Graham Commuter Partners will build the bridges and roadways based on approved technical requirements and project design parameters, as well as finance and maintain the new infrastructure for a period of 30 years. The City retains ownership of all infrastructure.”

The North Commuter Parkway Project includes a six-lane bridge and 8.3 kilometres of new arterial roadways to link the Marquis Industrial area with the University Heights area. It achieves this by extending Marquis Drive across the South Saskatchewan River and connecting to McOrmond Drive at Fedoruk Drive, and extending Central Avenue from Fedoruk Drive north to the new extension of McOrmond Drive.

The Traffic Bridge will accommodate all modes of transportation while retaining a similar architecture to the previous structure as well as the riverscape of the past century. The new Traffic Bridge will include two driving lanes at 3.7 metres wide, and two 3 metre-wide multi-use pathways on each side of the bridge to accommodate pedestrians and cyclists.

“The Parkway Bridge will connect the growing neighbourhoods in the northeast with the employment rich areas of Marquis Industrial,” says Mayor Donald Atchison. “The new Traffic Bridge will improve travel efficiency in our growing downtown. Both projects will create jobs for local workers and strengthen our economy.”

Through the P3 Canada Fund, the federal government is providing an investment of up to $66 million to the project, while the Province of Saskatchewan will contribute $50 million.

A report outlining the financial details of the proposal will be provided to City Council at its meeting on November 23, 2015.

For more information, visit saskatoon.ca/bridging.

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