ASAP III - Exterior

Alberta Schools Alternative Procurement III

  • Completion Date

  • Square Footage

    710,000sqft

  • Status

    Operational

  • Value

    $288,800,000

About the Alberta Schools Alternative Procurement III

In September 2012, Concert Infrastructure secured the Alberta Schools Alternative Procurement III public-private partnerships project—requiring the design, build, finance, and maintenance of 12 schools across eight different communities in Alberta.

The schools comprise 710,000 square feet of new building space with a capacity for teaching up to 7,700 students.

The project is delivered using a public private partnership model with the Government of Alberta over a 30-year project concession term that concludes in 2044. The project has a contract value of $288.8 million.

Concert Infrastructure’s Involvement

In September 2012, Concert Infrastructure secured the opportunity to co-lead the delivery of the Alberta Schools Alternative Procurement II project under a design, build, finance and maintain project agreement with the concession period concluding in 2044.

Concert Infrastructure holds 100% equity interest in ABC Schools Partnership, the project company responsible for the delivery and management of the project.

About Concert Infrastructure

Concert Infrastructure is an independent, long-term investor, developer, and manager of public infrastructure projects across Canada, and has been successful in forming strong strategic partnerships and securing solid investment opportunities for our pension plan investors.

Concert Infrastructure approaches each project with the intention of remaining a partner for the duration of the concession period, valuing long-term, stable returns for our ten Canadian union and management pension fund unitholders.

Concert Infrastructure invests Canadian dollars in Canadian projects that span today five provinces and territories. Over 80% of our facilities meet the LEED Gold or Silver sustainable building standard.

Concert Infrastructure is part of the broader Concert group of companies, that include Concert Real Estate Corporation and Concert Properties - a Canadian real estate company with over 30 years of industry leading investment, development, and management experience.

 

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