Griesbach - 281

Alberta Schools Alternative Procurement II

  • Completion Date

  • Square Footage

    759,900sqft

  • Status

    Operational

  • Value

    $253,000,000

About the Alberta Schools Alternative Procurement II

The Alberta Schools Alternative Procurement II public-private partnership project required the design, build, finance, and maintenance of a total of ten schools in four communities across Alberta. 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 project concession period that concludes in 2042. 

Concert Infrastructure’s Involvement

In November 2013, Concert Infrastructure acquired the 100% equity interest in B2L 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.

 

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