FMC’s P3 team assists Québec’s Ministry of Transportation on closing of Québec’s A-30 Completion Project
October 8 2008 - Montréal
Québec-Based P3 A-30 Completion Project Officially Closes - Fraser Milner Casgrain provides expert counsel to Québec Ministry of Transportation
Fraser Milner Casgrain LLP has announced that it has concluded its work in representing the Québec Ministry of Transportation throughout the request for qualifications, the request for proposals and financial close process for the A-30 Completion Project, a Québec-based public-private partnership (P3). The A-30 Highway will become an economic corridor linking eastern Québec and the Maritimes with western Québec and Ontario and eventually the northern United States, facilitating the access of goods and services to external markets.
The FMC team, based in Montréal, was led by Michel Jodoin and assisted by Nicolas Roy, Allan Mass, Mylène Henrie and Morgan Kendall.
"FMC’s P3 group is one of the strongest in the country and its depth of experience has helped facilitate a very positive result for Québec’s Ministry of Transportation and for Quebec as a whole," said Michel Jodoin, Partner, FMC Montréal. "The A-30 Completion Project has set the precedent for how future P3 projects will be financed in Canada, and FMC leveraged its extensive experience to help direct the project’s conclusion."
Prior to working on the A-30, FMC created the base model for Québec's P3 Road Infrastructure Concession Agreement and acted as counsel before launching the request for proposal for the province's other major P3 highway project, the A-25.
The A-30 Highway project is the most important P3 concluded in the Province of Québec and among the most important in Canada. The A-30 Highway is located southwest of Montréal. The net present value of the payments to be made by the Québec Transportation Minister, calculated in dollars as of September 2008, totals to approximately $1.5 billion. Because of the economic and strategic advantage proposed by the highway, federal and provincial governments aligned themselves in this extension of the Canadian and Québec transportation network.
The 74-km A-30 project encompasses the design, construction, rehabilitation, maintenance and financing of approximately 42 kms of highway, including five major works, among which are a 2.5-km bridge over the St. Lawrence Seaway, and the operation, maintenance and rehabilitation of an additional 32-km stretch of highway located between Châteauguay and La Prairie, Québec.
For more information, contact:
Alison Janzen
Fraser Milner Casgrain LLP
416-863-4455
alison.janzen@fmc-law.com
Matthew Kanas
Maverick Public Relations Inc.
416-640-5525, ext. 237
matthewk@maverickpr.com
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