Bird Construction Inc. selected as preferred proponent on Hamilton biosolids project
January 31, 2017 by Bird Construction Inc.
Bird Construction Inc. announced today that it is part of the Harbour City Solutions consortium selected as the preferred proponent to design, build, finance, operate and maintain, a biosolids management project for the City of Hamilton, Ontario. Bird has a 50 per cent interest in the construction joint venture that will design and build the project. It will also take a minority equity interest in the concession responsible for the design, construction, financing, operations and maintenance of the project through Bird Capital, a wholly owned subsidiary.
The facility will use a thermal drying process to produce pellets that will be used as fertilizer or fuel. The plant will process up to 60,000 wet tonnes per year of biosolids over the 30-year term of the contract.
The consortium plans to reach financial close in March of this year, with construction expected to commence shortly thereafter. At this time there can be no assurances that the consortium will receive a contract award related to this project.
“The Company is very pleased to be selected as the preferred proponent to design, build, finance, operate and maintain the Hamilton Biosolids Project. We are proud of our growing portfolio of environmental projects, particularly those procured under a public private partnership format”, said Ian Boyd, president and CEO of Bird.
SOURCE Bird Construction Inc.
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