Montréal Autoroute 25 and 30 Road Concessions
Montréal, Québec, Canada
Client: Ministry of Transportation of Québec
Parsons Brinckerhoff Role: Strategic Consulting, Infrastructure Development, Finance and Procurement
The Ministry of Transportation of Québec (MTQ) retained Parsons Brinckerhoff to assist with the completion of Highways A25 and A30, the first toll roads delivered under public-private partnership (PPP/P3) in the Province. The projects were each developed as 100 percent electronic toll collection facilities under a 35-year concession secured through construction payments, availability payments, and toll revenues.
Parsons Brinckerhoff developed the regional traffic and revenue forecast model, which served as a basis to value the projects. Through the procurement phases, Parsons Brinckerhoff assessed traffic, revenue, and technology risks and worked with the MTQ to develop actionable technical, commercial, and contractual solutions. Risk allocation and mitigation strategies included legislative amendments, revenue guarantee, revenue sharing mechanisms, and the tolling regime of the concession contracts establishing the rights and obligations of the private partner in setting tolls. Parsons Brinckerhoff further supported the presentations to the bidders and responses to requests for information up to the financial close of each concession and developed guidance material for the long-term management of the A25 contract.
The A25 consortium, lead by Macquarie, was awarded the $538 million A25 concession in June 2007 and the Nouvelle Autoroute 30 consortium led by Acciona was selected in June 2008 for the $1.3 billion A30 concession. The projects received the Euromoney Project Finance North American PPP Deal of the Year in 2007 and 2008, respectively.