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Alberta Schools Alternative Procurement II
In November 2013, Concert acquired the ASAP II public-private partnership project that required the design, build, finance and maintenance of a total of ten schools in four communities across Alberta from HOCHTIEF PPP Solutions GmbH and Connor, Clark & Lunn Gvest Traditional Infrastructure Limited Partnership. The schools comprise approximately 759,900 square feet of building space with capacity for up to 8,000 students.
The project utilizes a public-private partnership model with the Government of Alberta and has a contract value of $253.0 million. The schools have been in operation since 2012, and the 30-year concession period concludes in 2042. Concert holds all shares in the project company, B2L Partnership.