A public-private partnership (PPP) project for police facilities in the Canadian province of Ontario has been awarded to German-owned HOCHTIEF Concessions.
Its subsidiary HOCHTIEF PPP Solutions North America has been contracted to design, build, finance and maintain a total of 18 provincial police facilities.
HOCHTIEF PPP Solutions has a 50 percent stake in the project company Shield Infrastructure Partnership. Over the 30-year term of the agreement, the project has a contract volume of C$412 million. The investment volume is C$117 million.
"The police facilities in Ontario represent our second PPP contract in North America this year, so we have made a successful entry into the market there," said Dr. Peter Noe, the HOCHTIEF executive board member responsible for the HOCHTIEF Concessions corporate division. In April, the company was entrusted with the contract to plan, build, finance and maintain ten schools in the Canadian province of Alberta.
Construction work on the police facilities, which are spread over 16 communities, is due to commence within the next few weeks and is scheduled to be completed in November 2012. The scope of services includes seven police detachments, eight forensic identification units and three regional headquarters.
The new buildings will replace facilities that have exceeded their useful life. Once construction is complete, the project company will assume responsibility for maintaining the facilities for a period of 30 years.
Although perhaps not a household name in North America, HOCHTIEF is one of the world’s leading international providers of construction-related services, with over 66,000 employees.A better known name in the US is its subsidiary Turner Construction, the country’s No. 1 general builder.
