TransLink and Bilfinger Berger Complete GEB Project

On March 10, 2006, the Greater Vancouver Transportation Authority (TransLink) completed the commercial, financial and final close of the $1.117 billion Golden Ears Bridge Project (the GEB Project).

The GEB Project involves the design, construction, financing and operation by Golden Crossing General Partnership (a Canadian special purpose vehicle created by Bilfinger Berger BOT Inc., a Canadian subsidiary of Bilfinger Berger GmbH) of a new connection from the Township of Langley and the City of Surrey to the District of Maple Ridge and the District of Pitt Meadows to provide north-south capacity to meet travel demand. The GEB Project includes a six-lane bridge across the Fraser River and connecting access arterial roads on both sides of the Fraser River, comprising in total approximately 13 kilometres of infrastructure. The GEB project has been described as the second largest privately financed public infrastructure project in Canada, after the Confederation Bridge.

Golden Crossing General Partnership financed the design, construction and operation of the GEB Project with international lenders DEPFA BANK plc and Dexia Crédit Local, and Computershare Trust Company of Canada as security trustee.

The design-builder for the GEB Project is Golden Crossing Constructors, a joint venture between Bilfinger Berger (Canada) Inc. and CH2M HILL Canada Limited. The operator for the GEB Project is Capilano Highway Services Company.

TransLink was represented by in-house counsel Gigi Chen-Kuo, and Farris, Vaughan, Wills & Murphy LLP with a team led by Christopher Holmes that consisted of Paul Richardson, David McBride, Maria McKenzie, Dean O'Leary and Christine Oberti.

Golden Crossing General Partnership and Bilfinger Berger BOT were represented by Davis & Company LLP with a team that included Ian Bendell and Mitchell Mostyn from the Toronto office, and Douglas Buchanan, Linda Parsons, John Saunders, Yukiko Kojima, Andrew Burton and Kate Bake-Paterson from the Vancouver office.

The lenders were represented by Madhavi Gosavi and Ben Farnsworth from the London office of Norton Rose. The lenders' Canadian legal agents were Byran Gibson, Linda Brown, Sarah Bird and Chris Falk (tax) from the Vancouver office of McCarthy Tétrault LLP.

Golden Crossing Constructors was represented by Douglas Sanders, Chris Eagles and Karen Bradley of the Vancouver office of Borden Ladner Gervais LLP. Digby Leigh of Digby Leigh & Company represented Capilano Highway Services.