Canadian Utilities partnership completes $1.6-billion Fort McMurray project ahead of schedule
This 508-km transmission line, running from Wabamun, Alta., just west of Edmonton, to Fort McMurray will provide essential electricity, greater reliability and enhance the transmission system to meet growing demands in northern Alberta.
Valued at $1.6 billion, the project was financed through the largest public-private-partnership (P3) bond in Canadian history. It is also the longest 500-kV AC transmission line in Canada and was ranked among the top 50 infrastructure projects in Canada.
“In 2014, we competed against global proponents to win the bid for this critical piece of electricity transmission infrastructure. Today, along with our partner Quanta Services, we successfully completed construction on this project ahead of schedule and on-budget,” said Wayne Stensby, Managing Director, Electricity, ATCO. ■