Leading Advisors in Project Finance

  • Tlicho All-Season Road Bid Submission

    2 November 2018

    On October 10, 2018, a consortium consisting of Eiffage and North American Construction Group submitted their bids for the Tlicho All-Season Road P3 Project. The DBFOM project consists of a 97 km all-season road that provides access from Highway 3 (West of Yellowknife) to the community of Whati in the Northwest Territories. The new two-lane gravel road will facilitate more reliable travel than the existing road and also allow access to the more northerly Tłı̨chǫ communities of Gamètì and Wekweètì.

    The Project is due to commence construction in February 2019 and is expected to begin operations in December 2021. The road is expected to facilitate travel between the Tłı̨chǫ communities for 25 years, once it is operational.

    On behalf of Scotiabank, the advisor to the consortium, Operis performed a full audit of the financial model prior to bid submission. This included a review of the model’s tax and accounting accounting treatments.

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