Anthony Henday Drive Northwest

Asset: Transportation 
Model: DBFO
Status: Operational since November 2011 
Contract Value: $1.42 billion 
Estimated Value-for-Money (VfM): $237 million 
Completion Date of P3 Agreement: XX (30 year contract) 

The Anthony Henday Drive Northwest project involved a 21-kilometre section of the Edmonton Ring Road, running from Yellowhead Trail on the west side of the city to the Manning Drive Freeway. It included eight interchanges and five flyovers, for a total of 27 bridge structures. Construction started in August 2008 and was finished on time and on budget. 

Background 

For thirty years the Province of Alberta and City of Edmonton had been planning a transportation and utility corridor around the city in order to help move people and goods more efficiently. In 2007, Anthony Henday Drive Southeast was delivered using the P3 model. 

Building and improving its success, the Alberta government opted to use a P3 again for the northwest portion of the ring road. The project, which represented the largest single transaction entered into by Alberta Transportation at the time, reached financial close in 2011. 

The P3 project required raising a significant amount of private financing in a difficult credit market. The financing employed a hybrid bank-bond solution, a first for a Canadian P3 project. 

Using a P3 enabled the northwest project to be completed two years sooner than if it had been traditionally procured. 

Partners: 

Public Sector: 

Alberta Transportation 

Private Sector: