MONTREAL, April 9, 2010 /CNW Telbec/ - SNC-Lavalin is pleased to announce that Chinook Roads Partnership, its new 50/50 joint venture with Acciona, has been awarded a contract by Alberta Transportation to design, build, operate, maintain and partially finance the southeast section of Calgary's Stoney Trail Ring Road. The contract is worth $769 million in 2010 dollars.
Under this 30-year public-private partnership (P3) contract, Chinook Roads Partnership will design and build 25 kilometres of six-lane road including nine interchanges, one road flyover, two rail flyovers and 27 bridge structures. In terms of scope, it is the largest single highway project in Alberta's history. Once completed, the Partnership will operate and maintain the road and other existing infrastructure for the duration of the 30-year contract.
Construction is set to begin in May 2010 and the road is scheduled to be open to traffic by the fall of 2013.
"We are a Canadian leader in highway construction and we look forward to putting our expertise to work in Alberta, and to a long and successful relationship with the City of Calgary and the Province," said Jim Burke, Executive Vice-President, SNC-Lavalin Group Inc.
SNC-Lavalin has been present in Alberta since the 1950s and now has over 1,600 employees in the Province working out of five permanent offices.
SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. www.snclavalin.com.
For further information: For further information: Media: Leslie Quinton, Vice-President, Global Corporate Communications, SNC-Lavalin Group Inc., (514) 393-8000, ext. 7354, firstname.lastname@example.org; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., (514) 393-8000, ext. 7553, email@example.com