Vinci inks deal for Canadian Bypass

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Vinci inks deal for Canadian Bypass

Vinci has finalised the CA$1.9bn (£926m) deal announced in June to build the Regina Bypass in the Canadian province of Saskatchewan.

The highway will be built under a public-private partnership (PPP) contract with a term of 30 years (link opens in new tab). It will be the province’s first transport infrastructure project to be built as a PPP. The Vinci-led team was named as preferred bidder in June.

Regina Bypass Partners is a (37.5%) subsidiary of Vinci Concessions, in partnership with Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%). Its contract is with the Saskatchewan Ministry of Highways & Infrastructure.

The project, which represents a total investment of approximately CA$1.9bn involves the design, financing, construction, operation and maintenance of the 61km dual two-lane bypass. It includes 37km of new construction, 24km of renovation work and 12 interchanges, together with their access roads and 38 structures, for a total of approximately 400 lane-km.

The construction works will last about 4 years. It will be carried out by Regina Bypass Design–Builders, a joint venture consisting of Carmacks Enterprises (18.75%) – a wholly-owned subsidiary of Eurovia – Vinci Construction Terrassement (18.75%), Graham Infrastructure (37.5%) and Parsons Canada (25%). After construction is completed, the motorway will be operated and maintained by Regina Bypass Operations & Maintenance – a wholly owned subsidiary of Vinci – for a period of 30 years.

Regina Bypass Partners will receive payments during the operating period based on availability of the highway infrastructure.

Source and Link: The Construction Index

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.