Regina Bypass Project Agreement

Emmanuel is the director of wealth conservation for the Regina Bypass project. He has more than 26 years of experience in major road construction and construction projects in countries such as Canada, the United States, France, South America and Africa. After four years of construction during which he worked as technical director, he is currently responsible for the overall asset management of the Regina Bypass project. His most recent projects as technical director include the Regina Bypass, the Ohio River Bridge project and Green Transition for the French highway network. In the public interest for all projects, the government retains ownership, control and accountability. Risk transfer: Taxpayers are protected from project cost overruns. These costs are borne by the owner. Governments recognize that while they are the best bodies for defining public order and regulating performance, their traditional approaches are not always the most effective for large, complex infrastructure projects. After establishing the cost of building the bypass road by a traditional approach, the government has set up by SaskBuilds and its external financial advisors, there are savings earned for taxpayers using a P3 approach. The definition of P3s A P3 is a partnership agreement in the form of a long-term performance agreement between the public sector (each level of government) and the private sector (usually a team of private sector companies working together) to provide citizens with public infrastructure (hospital, school, bridge or highway, or a new government building). Goal: to re-purchase traffic on Dewdney Avenue: about $400 million. It was decided to consolidate these components into one project: the Regina bypass. P3s in Saskatchewan In a P3, taxpayers pay for the project, but only when the facility is built and ready for use and the payments are performance-based.

Two other projects have been considered around Regina: The Regina Bypass is a $1.88 billion public-private partnership (P3) project, led by a consortium including Graham Capital and Graham Infrastructure. This is the first transportation infrastructure project completed by the P3 delivery model in Saskatchewan and the largest transportation infrastructure project in the province`s history. The volume of work includes planning, financing, construction, operation and maintenance of 61 km of the four-lane highway over a 30-year period. With 37 km of a four-lane highway and 12 intersections to be built and an additional 24 km for rehabilitation, the project covers about 400 kilometres of track. Construction of the new Regina bypass began in the summer of 2015. The work, which is expected to last approximately 4 years, will be carried out by a joint venture consisting of Parsons Canada Ltd., Carmacks, a wholly-based subsidiary of Eurovia, VINCI Construction Terrassement and Graham. When completed in 2019, the Regina Ring Road will reduce congestion and improve the safety of motorists in and around Regina and improve a significant portion of Canada`s national highway system. It will also increase efficiency for truckers and loaders moving goods, a critical consideration for Saskatchewan, a domestic province with an export-oriented economy.

Regina Bypass Partners, once completed, will operate and maintain the ring road for 30 years in collaboration with the Department of Highways and Infrastructure. The Regina Bypass is the largest infrastructure project in the province`s history.