Wednesday, October 06, 2010

LTAP update

The government has chosen the Plenary Properties consortium as the "preferred proponent" for the design, construction, and maintenance of CSE's Long-Term Accommodation Project:
The project, which has an estimated capital cost of $880 million, is expected to reach financial close by January 2011. This means that the project’s costs will have been finalized, a financing rate will have been set, expenditure authority will have been granted and the contract will have been awarded. Construction of the LTA project is planned to begin in spring 2011.
Government announcement here. My previous comments and speculations here.

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