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Completion Date
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Status
Operational
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Value
$300,300,000
About the Alberta P3 Schools Bundle (P3SB2) Project:
In September 2021, Concert Infrastructure and its partners secured the contract to design, build, finance and maintain five high schools in Alberta. The five high schools can accommodate nearly 7,000 students. They are located in the following communities:
• Blackfalds – Grade 9-12 school, Wolf Creek Public Schools
• Edmonton – Grade 10-12 school in the southeast, Edmonton Public Schools
• Edmonton – Grade 10-12 school in Heritage Valley, Edmonton Catholic Schools
• Langdon – Grade 7-12 school, Rocky View Schools
• Leduc – Grade 10-12 school, Black Gold School Division
The project is delivered through a public private partnership (P3) model with the Government of Alberta and will be maintained by Concert Infrastructure and its partners over a 30-year project concession term that concludes in 2054.
Concert Infrastructure’s Involvement
In September 2021, Concert Infrastructure secured the opportunity to lead the delivery of the high schools project under a design, build, finance and maintain project agreement with the concession period concluding in 2054. Concert Infrastructure holds an 80% equity interest in Concert-Bird Partners P3SB2 General Partnership, the project company responsible for the delivery and management of the project.
About Concert Infrastructure
Concert Infrastructure was founded in 2010 to partner with governments and invest in, develop and manage critical public infrastructure that strengthens the economic and social fabric of Canadian communities, while providing stable financial returns for our Canadian union and management pension plan unitholders.
The company has directly invested in and manages 12 public-private partnership (P3) infrastructure projects across four provinces and one territory in Canada, along with two investments in global infrastructure portfolios, resulting in an aggregate portfolio capitalization of $3.8 billion.