Concert Infrastructure and partners win major national infrastructure award
Vancouver, BC (November 22, 2022) - Concert Infrastructure and its project partners were handed a major award at the 2022 National Awards for Innovation and Excellence in Public-Private Partnerships hosted by The Canadian Council for Public-Private Partnerships (CCPPP) on November 21, 2022.
The Project Development - Gold Award was given for the ‘P3 Schools Bundle #2’ at the CCPPP annual conference in Toronto. The project partners include Concert Infrastructure, Alberta Infrastructure, Bird Capital, Bird Construction, Wright Construction and Ainsworth.
“This year, the projects being honoured are transforming our communities, from building high schools and hospitals to bringing critical broadband service to rural and remote citizens,” says Lisa Mitchell, CCPPP’s president and CEO. “These projects demonstrate the continuing evolution and resiliency of the P3 model in delivering best-in-class infrastructure for Canadians that is innovative and cost effective.”
The $300.3 million project is the first ever P3 schools bundle in Alberta comprised exclusively of high schools. Once completed in 2024, the state-of-the-art schools will serve almost 7,000 students in the municipalities of Blackfalds, Edmonton, Leduc and Langdon. In addition, it is estimated that the use of a design-build-finance-maintain P3 will save $114.5 million compared to a traditional design-bid-build approach over the project’s 30-year life cycle.
This and the other award-winning projects showcase how partners continue to adapt and refine the “made-in-Canada” P3 model to create, deliver, operate and maintain innovative and transformative infrastructure for their communities.
“On behalf of our partners, we are very proud to accept this award which not only validates the P3 model in delivering critically needed schools, but also speaks to the level of innovation and value for money that such a partnership brings to Alberta, as it has on previous projects here and across Canada,” said Derron Bain, Managing Director of Concert Infrastructure. “This is the second award in as many months for this project, which reinforces our belief that this approach is a successful template to meet the demands of growing communities.”
This announcement builds on previous successful school construction projects in Alberta and Saskatchewan by Concert Infrastructure and its partners. For more details about the Alberta P3SB2 Project see here, and see the CCPPP website here.
About Concert Infrastructure
Concert Infrastructure, an independent long-term investor, developer and manager, was established to partner with governments to deliver critical public infrastructure assets that support essential public services that strengthen the economic and social fabric of Canadian communities and the well-being of Canadians.
Concert Infrastructure is affiliated with Concert Properties, a diversified Canadian real estate corporation wholly owned by union and management pension plans representing over 200,000 Canadians. Today, the Concert Properties portfolio includes rentals, condominiums, seniors' active aging communities, industrial and commercial properties, and public infrastructure projects across Canada.
See www.ConcertInfrastructure.com for more information.
Derron Bain, Managing Director
DBain@ConcertInfrastructure.com | 647.789.2066
On behalf of Concert Infrastructure
Erica Richardson, tartanbond
firstname.lastname@example.org | 403.975.0187