VINCI Concessions opens bypass around Regina, capital of the province of Saskatchewan in Canada
The bypass around Regina, capital of the Province of Saskatchewan in Canada, was officially opened today in the presence of Saskatchewan Premier Scott Moe, Xavier Huillard, Chairman and Chief Executive Officer of VINCI, Nicolas Notebaert, Chief Executive Officer of VINCI Concessions and President of VINCI Highways, and Pierre Anjolras, Chairman of Eurovia.
The Regina Bypass comprises 61 km of road, of which 37 km newly built and 24 km upgraded, 12 new interchanges and 33 new bridges and viaducts. It represents an investment of C$1.9 billion (around €1.3 billion).
The construction phase was launched in 2015 and completed in just four years.
The bypass illustrates VINCI’s capacity to deliver large-scale projects on budget and on time while proposing the highest standards of quality, safety and technical innovations adapted to the harsh climate of Western Canada. It is also a concrete demonstration of the VINCI Group’s concession-construction business model, combining the expertise of various subsidiaries: VINCI Concessions and its subsidiary VINCI Highways for financing, project management, operation-maintenance and road services, Eurovia through its Canadian subsidiary Carmaks, VINCI Construction (Soletanche Freyssinet, VINCI Construction Terrassement) and VINCI Energies.
The infrastructure will be operated and maintained for 30 years by VINCI Highways and Carmacks. It will improve road safety, make traffic smoother and promote the economic development of the province by giving faster, more reliable access to three of Saskatchewan’s major roads: the Trans-Canada Highway and Highways 6 and 11.
The Regina Bypass is Saskatchewan’s first public-private partnership for transport infrastructure. It brings together the province’s Ministry of Highways and Infrastructure with concession company Regina Bypass Partners, which comprises VINCI Concessions (37.5%), US engineering firm Parsons Enterprises (25%), Canada’s Graham Construction (12.5%) and investment fund Connor Clark & Lunn (25%).
Nicolas Notebaert, Chief Executive Officer of VINCI Concessions and President of VINCI Highways, said: “ Partnership is at the core of the Regina Bypass project. It is a pioneering P3 that brought major private companies together from France, Canada, the USA, and more than a hundred companies from Saskatchewan, under the leadership of the public authorities. This great collaboration, both international and local, was key to deliver the project on tight delays, on budget, overcoming a series of important challenges. It is an important milestone for mobility in Canada. We hope this will also accelerate VINCI Concessions’ development in Canada and in North America, on the P3 transportation market.”
