Concert Infrastructure’s P3 approach to save Alberta taxpayers over $100M

For over 30 years, Concert has taken pride in making a meaningful impact in the communities where we work, and we remain deeply invested in improving the lives of the people who live and work in these communities. Schools, especially, play an instrumental role on the fabric of any community and Concert Infrastructure is proud to manage 40 operational schools nationwide. 

On May 26, 2022, Concert Infrastructure celebrated the ground-breaking of its most recent schools project, the Alberta P3 Schools Bundle (P3SB2). The project, which includes the building of five new state-of-the-art high schools across Alberta, is made possible through the collaborative Public-Private Partnership (P3) model.

“These new high schools are some of the largest and most innovative secondary facilities in Alberta,” says Ian Podmore, Concert Infrastructure’s Vice President, Development. “Achieving the goals of P3 is only possible by working shoulder to shoulder with the school divisions and the Alberta government, as well as with our key project partners, Bird Construction, Wright Construction and Ainsworth and their local partners, subcontractors and suppliers.”

By applying the P3 model to social infrastructure projects such as these, not only are Concert Infrastructure and its partners able to deliver critical social infrastructure to growing communities on time, but they are also able to provide substantial savings to local taxpayers – with KPMG calculating the expected cost savings of this P3 project to be in excess of $100 million.

“This project, yet again, demonstrates how the P3 model for delivery provides the greatest ongoing financial protection to taxpayers, ensuring on-time and on-budget delivery,” continues Podmore, “while addressing issues such as building performance and the management of long-term lifecycle and maintenance costs head on.”