The governments of Canada and Alberta have signed an agreement to provide funding for the construction of the southwest portion of the Calgary Ring Road.
The Southwest Calgary Ring Road project involves the construction of 49 bridges, including three river crossings and one roadway flyover.
It will also include 31km of six- and eight-lane divided roadway, 14 interchanges, one railway overpass, and the reconstruction of Glenmore Trail from Sarcee Road to east of 37 Street Southwest.
Mountain View Partners has been selected as the preferred proponent, with a commercial close date expected in September 2016.
The project will be executed using a design, finance, build and operate procurement approach, in which the contractor will design, build, operate and maintain the asset on behalf of the government of Alberta for the contract period of 30 years.
The government of Canada will contribute up to $582.9M to the project, while the remainder of the financing will be provided by the Province of Alberta.
The Southwest section is anticipated to be complete by 2021.
* Data provided by Timetric's Construction Intelligence Center.