As a unique player in the Canadian infrastructure development industry, the Concert Infrastructure Fund has become a model for the successful delivery of public-private-partnership (P3) infrastructure projects. Highlights from 2017, which were shared at the company’s recent annual general meeting, illustrate how Concert Infrastructure has continued to build on its strong performance and reputation as a responsive, long-term and community-focused investment and development partner.
One of the company’s key 2017 achievements was the successful delivery of the award-winning Saskatchewan Joint Use Schools Projects (SJUSP) I and II to the Government of Saskatchewan. Eighteen schools in nine joint-use buildings were successfully commissioned and transitioned to operations in June 2017. The projects represent the largest school construction in the province’s history. Concert Infrastructure, along with its partners, will continue to work with the Saskatchewan Ministry of Education and school divisions to provide required maintenance and lifecycle services over a 30-year period.
Another major achievement in 2017 was the selection of Concert Infrastructure by Bruce Power LP to lead the delivery of an offsite office complex and training facility in Kincardine, Ontario, to support the refurbishment of its nuclear reactors, supporting the Government of Ontario’s long-term energy plan. The project is being delivered by Concert Infrastructure through a modified design, build, finance and maintain model over a 26.5-year term, showcasing how P3 delivery models can be effectively and efficiently scaled to smaller projects, while delivering value to the project sponsor.
“2017 was a successful and important period of growth for Concert Infrastructure,” said Derron Bain, Senior Vice President. “Our progress is a tremendous example of how P3 models can successfully deliver complex infrastructure projects of all sizes on time and on budget.”
With its established team and partnerships, and solid financial platform, Concert Infrastructure is in an enviable position to work with governments across the country to meet their infrastructure investment objectives.
“We are a partner that truly understands the demands and accountability involved in delivering public infrastructure projects,” said Bain. “We have talent, capability and experience, and our company is built on the foundation of Concert Properties, a Canadian-based success story for almost 30 years.”
Investments of the Concert Infrastructure Fund
- Forensic Services Coroner’s Complex (Toronto, Ontario)
- Ontario Provincial Police Modernization (18 facilities across Ontario)
- Alberta Schools Alternative Procurement II (10 schools across Alberta)
- Alberta Schools Alternative Procurement III (12 schools across Alberta)
- Saskatchewan Joint Use Schools I (6 schools, 3 joint-use buildings Regina, Saskatchewan)
- Saskatchewan Joint Use Schools II (12 schools, 6 joint-use buildings Saskatoon, Warman, and Martensville, Saskatchewan)
- Bruce Power Office Complex and Training Facility (Kincardine, Ontario)
- OMERS Infrastructure Portfolio Investment