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Public-private partnership used for Saskatchewan bridge

0 116 Government

The Saskatchewan government is putting up $50 million for bridgework in Saskatoon.

The Saskatchewan government is putting up $50 million for bridgework in Saskatoon.

Ottawa’s portion in the public-private funding partnership is an investment of up to $66 million.

The city will be responsible for the remainder of what projects manager Mike Gutek has said will be a total cost of almost $253 million.

The province’s money is to go toward the North Commuter Parkway bridge that is to connect the Marquis industrial area to University Heights.

The other project will see the 107-year-old Traffic Bridge in downtown Saskatoon replaced to accommodate growth in the city’s core.

Construction is expected to be completed within two years. The city plans to identify private companies in the next few months that may be interested in bidding on the project. The company that gets picked will design, build and maintain the bridges over a 30-year period.

Saskatchewan Premier Brad Wall says Saskatoon is one of the fastest-growing cities in the country.

News from © Canadian Press Enterprises Inc., 2014

by Journal Of Commerce

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