Quebec leans on P3 for highway project

MONTREAL — Nouvelle Autoroute 30, S.E.N.C. has been selected to sign a 35-year partnership agreement for the design, construction, financing, operation, maintenance and repair of Highway 30 in Quebec.

The company is made up of eight members who are already working together on major road infrastructure projects.

Monique Jérôme-Forget, Minister of Finance and president of the Treasury Board, highlighted the benefits of the public-private partnership (PPP) formula for this major project: "This PPP project will ensure that the work is done on schedule and without any cost overruns. This approach will provide the best value for Quebeckers; it’s a proven formula when it comes to ensuring due diligence, keeping on schedule and generating savings."

The partnership agreement is expected to be signed in September 2008. In addition to the major project, the private company will also be responsible for maintaining, operating and repairing approximately 32 kilometres of roads, under a traditional arrangement, for the same period of 35 years.

The project to complete Highway 30 will provide the Greater Montreal Area with a south bypass.
 

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