Fraser Crossing Partners closes on Pattullo Bridge Replacement Project in British Columbia

On February 10, 2020, Aecon Group Inc. (TSX: ARE) announced that Fraser Crossing Partners had reached financial close on the Pattullo Bridge Replacement Project in British Columbia. The total contract is valued at $967.5 million. Fraser Crossing Partners, selected by the Province of British Columbia to design, build and partially finance the project, is a 50/50 joint venture between Aecon and Acciona. 

The new four-lane cable-stayed bridge over the Fraser River will provide network connections to New Westminster and Surrey, feature a centre safety median barrier and wider lanes to accommodate both passenger and commercial vehicles, and have dedicated walking and cycling lanes. 

Gowling WLG is counsel to both Acciona and Aecon with a team that includes Darryl Brown (corporate/financial services); Adam Lewinberg, Jessica Ho-Wo-Cheong, Kelly Campagnola, Peter Fairey and Kean Silverthorn (corporate); Christopher Alam, Sunil Joneja and Reagan Chornoboy (financial services); assisted by students-at-law Laura Mila, Taylor Hanson and Howard Xin. 

Grantor Legal Advisor: Farris LLP - Maria McKenzie

McMillan LLP represented the financial lenders and hedge providers, The Korea Development Bank, Sumitomo Mitsui Banking Corporation, ATB Financial and CaixaBank, S.A., with a team led by Julie Han and Candy Saga (infrastructure) and which included Shahen Mirakian (derivatives), Brent Thomas (financial services), and assisted by student-at-law Liam Sako.