FC for BC wastewater plant

20 April 2017 British Columbia’s Capital Regional District has reached financial close on the McLoughlin Point Wastewater Treatment Plant P3 project.

The Harbour Resource Partners (HRP) consortium successfully reached financial close on the $272m contract, two years after being named preferred bidder

HRP consists of Aecom, Graham Infrastructure/Graham Capital Partners, Suez, HDR|CEI and Michels Canada. Operis was the consortium’s financial advisor.The contract includes:

It is part of the CRD’s $765m Wastewater Treatment Project, which also involves a residuals treatment facility and a wastewater conveyance system project.

As previously reported, HRP is one of three teams shortlisted for the residuals treatment facility P3 project.

• a 108 MI/d tertiary wastewater treatment plant located at McLoughlin Point;

• a cross-harbour undersea force main between Ogden Point and McLoughlin Point; and

• a marine outfall for treated wastewater at McLoughlin Point.

The Government of Canada is contributing up to $120m through the Building Canada Fund towards the McLoughlin Point Wastewater Treatment Plant; and up to $50m through the Green Infrastructure Fund towards the conveyance system project. The Government of British Columbia will provide up to $248m towards the three components of the project. P3 Canada will provide up to $41m towards the residuals treatment facility through the P3 Canada Fund.

The Capital Regional District is providing $306m for the three project components and will be responsible for any additional costs.

For more details, click here

This page was last updated on:
16 October 2017.

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