BC To Use DBF For New Bridge

The government of the province of British Columbia is using a DB and partly finance model for a Cdn $1.38-billion bridge to replace the existing Pattullo Bridge in Vancouver.

Announced in February, the new bridge will be owned, operated, and maintained by the province, but the winning consortium will have to finance Cdn $300 million of the build cost, the Ministry of Transportation and Infrastructure said. B.C. will repay the Cdn $300 million at completion, giving the private group a big incentive to meet deadlines and specifications.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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