The city of Calgary, Alberta (Canada), has selected Plenary Infrastructure as the preferred proponent to design, build, finance and maintain Stoney Compressed Natural Gas (CNG) Transit Bus Garage PPP project for Calgary Transit.
Plenary Infrastructure was chosen after extensive evaluations following an open, fair and competitive request-for-proposals process that began in August 2015. The Plenary Infrastructure team includes:
The team beat out competition from two other shortlisted teams: EllisDon Infrastructure, made up EllisDon Capital Inc., GEC, Strasman Architects, Morrison Hershfield, EllisDon Construction Services Inc. and Cofely Services Inc and Stoney Transit Partners, composed of Gracorp Capital Partners LP, DIF Infra 3 Canada Limited, Kasian Architecture Interior Design and Planning Ltd., Maintenance Design Group, LLC, Graham Design Builders LP and Black and McDonald Limited.
Highlights of the project include:
The City of Calgary will now work to finalize the 30 year concession contract details with Plenary Infrastructure. The project is expected to reach commercial and financial close in September 2016.
The total project investment is estimated at CAD$274 million (US$210.7 million). It is expected that the Government of Canada, through the P3 Canada Fund, will provide an investment of up to CAD$48.4 million toward the construction of the facility.