Alberta Schools PPP Achieves Financial Close
Advised BBPP Alberta Schools Limited in largest-ever Canadian schools PPP transaction and Alberta's largest social infrastructure PPP
Matter Value: CAD 460,000,000
Wednesday, 10 September 2008
The Government of Alberta signed an agreement on September 10, 2008 with BBPP Alberta Schools Limited to design, build, finance and maintain 18 state-of-the-art schools in the province through a Design-Build-Finance-Maintain public-private partnership. The schools are scheduled to open in September 2010 and provide space for more than 12,000 students, and will cost the province $643 million. According to the Government of Alberta, this public-private partnership resulted in a savings of $118 million to the province compared to the cost of providing the same work through traditional delivery methods. This agreement represents the largest-ever Canadian schools PPP transaction and Alberta's largest social infrastructure PPP.
This deal was featured in the February 2010 issue of Lexpert, under the "Biggest Deals" section.
Weiguo (William) He