Regina got hold of C$58.5 million ($57.5 million; €42 million) in federal government funding to put to a public-private partnership (PPP or P3) for a wastewater treatment plant.
The capital of Saskatchewan secured a multimillion-dollar investment from the P3 Canada Fund “to support the construction” of a “new” plant, a press statement from PPP Canada said.
The statement went on to divulge the design, build, finance, operate and maintain (DBFOM) P3 would have a “long-term” 30-year lease. The city will “retain ownership of the infrastructure”.
The P3 will “upgrade the existing infrastructure” to “serve a growing population,” the statement from PPP Canada, a ‘Crown corporation,’ said.
The city council in February sanctioned Regina to use alternative financing and procurement for the wastewater treatment project. Meanwhile, a local group has been protesting against using a P3 for the project. ‘Regina Water Watch’ has asked for a referendum on the project, calling for the plan to be publicly funded.
The mayor of the city said a P3 would save Regina C$78 million.
PPP Canada in a first quarter report noted a “growing population” would put pressure on water and wastewater treatment infrastructure in Canada.
Last July, the P3 Canada Fund invested C$253 million in a water and wastewater P3 in Victoria, British Columbia.