The upgrading of a wastewater treatment facility in Regina, the capital city of Canada’s Saskatchewan province, has won approval at a city council meeting to proceed as a public-private partnership (P3; PPP).
While the city will continue to own and control the facility, a “single, long-term contract with a consortium of companies” will be sought to design, build, finance, operate and maintain the plant.
“We know P3s work based on numerous successful projects across Canada and around the world,” said Regina Mayor Michael Fougere in a statement. “This approach provides the best value for Regina residents.”
Fougere went on to say that a P3 would mean cost certainty and reduced risk as well as the ability to access more than C$50 million (€37 million; $49 million) in federal funding through the P3 Canada Fund. The upgrade is expected to cost up to $224.3 million in total.
The city says the upgrade is necessary to meet new environmental regulations; protect public health; improve water quality for residents and businesses; meet the needs of a growing population; and repair or replace parts of the current plant that have reached the end of their lives.
The city says it will set the rates for wastewater treatment and will hold the contractors responsible for meeting financial and environmental standards.