PPP in Canada

Bilfinger Berger is to design, finance and build a 21-kilometer section of the ring highway around the Canadian city of Calgary. The Group will then take over operation of a 36-kilometer section for a period of 30 years. During this time, Bilfinger Berger will assume responsibility for the availability of the route in return for a contractually agreed annual payment from the province of Alberta. Investment volume of the project amounts to €290 million and Bilfinger Berger will be investing equity capital of €9 million in the project company, which will be wholly-owned by the Group.

In the space of 15 months, Bilfinger Berger has secured three major privatelyfinanced transport projects in Canada with a total investment volume of € 1.1 billion. The Group will be investing equity capital totaling € 51 million in the three projects. As in the case of the Calgary Ring Road, the Golden Ears Crossing near Vancouver and the highway through Kicking Horse Pass in the Rocky Mountains are both based on availability models, meaning that the private partner assumes the risks from design, construction and maintenance and the government assumes the risks from traffic volume.