Alberta Schools Alternative Procurement III
In September 2012, Concert secured the ASAP III public-private partnership project to design, build, finance and maintain a total of twelve schools in eight communities across Alberta. The schools comprise of approximately 710,000 square feet of new building space with a capacity for up to 7,700 students.
The project is delivered using a public private partnership model with the Government of Alberta over a 30-year term. The project has a contract value of $288.8 million.
In November 2016, Concert acquired HOCHTIEF PPP Solutions’ 50% interest in the ASAP III project and now wholly owns the project company. As part of the acquisition, Concert has assumed sole responsibility for the management of the project.