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Consortium reaches financial close on P3 biosolids project

DCN News Service
Consortium reaches financial close on P3 biosolids project

MISSISSAUGA, ONT. — Maple Reinders Group Ltd. and Bird Construction Inc. have announced that the Harbour City Solutions (HCS) consortium — in which Bird and Maple Reinders each have a 50 per cent interest for design, construction and capital works — has reached financial close and has subsequently been awarded the contract to design, build and finance the Hamilton Biosolids Management project on behalf of the City of Hamilton.

The companies announced they were part of the consortium named preferred proponent for the private-public partnership project in January. The project is slated to commence in April with completion targeted for spring of 2020.

Bird has also taken 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, states a release issued by Bird Construction March 29.

The facility will use a thermal drying process to produce pellets which 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, adds the release.

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