Celebrating the Successful Completion of the Regina Bypass
Graham is thrilled to announce the Regina Bypass, Saskatchewan’s largest transportation infrastructure project, opens today – on-schedule and on-budget.
The CAD$1.88B, 60 km (40 mi.) four-lane highway runs along the city’s west, south and east sides. It will improve safety along the Highway 1 East corridor between the Town of Balgonie and the City of Regina, reduce congestion along Victoria Avenue East as 70% of truck traffic will be diverted to the bypass, and improve connectivity of the national highway system to other provincial highways.
“It’s so rewarding to deliver a project of this magnitude on time and on budget,” exclaims Andy Trewick, President and CEO of Graham. “Right from the outset, the project team has worked very hard and extremely collaboratively to make that happen. I am tremendously proud of Graham’s multiple roles in this project – as a member of both the Design-Build and financing teams – and wish Saskatchewan motorists safe travels along the bypass.”
The Public-Private Partnership (P3) project was delivered by Regina Bypass Design Builders, a joint venture made up of Graham, Parsons Canada, Carmacks Enterprises and Vinci Canada. Financing and development were led by equity investors Graham Capital, Parsons Enterprises, Vinci Concessions and Connor, Clark and Lunn.
“The Government of Saskatchewan calculated that employing the P3 delivery model saved CAD$380 million versus traditional procurement and operations methods,” says Tim Heavenor, President of Graham Capital. “That’s a huge savings. Saskatchewan taxpayers will continue to benefit from this selected delivery model throughout the 30-year term of the project.”