Bennett Jones congratulates our client, Alberta PowerLine Limited Partnership—a partnership between Alberta-based Canadian Utilities Limited (an ATCO company) and United States-based Quanta Capital Solutions, Inc.—on the Fort McMurray West 500 kV Transmission Project being named Gold Award Winner at this year’s National Awards for Innovation and Excellence in Public-Private Partnerships (P3). The awards are presented by The Canadian Council for Public-Private Partnerships (CCPPP).
The awards committee commended the project’s use of a “unique funding competition that took place after the route for the transmission line was finalized and regulatory approval had been granted, resulting in significant savings for the public.” At the time of award, the cost savings were estimated to be more than $400 million—approximately 25 percent of total capital costs.
This is the latest in a number of awards for the Fort McMurray West 500 kV Transmission Project. It also won the:
- Gold Award for Best Financial Structure at the 5th annual P3 Awards 2018
- North America Transmission/Distribution Deal of the Year at the 2017 IJGlobal Magazine Awards
- 2017 P3 Deal of the Year for the Americas, awarded by Project Finance International (PFI)
