The Alberta Schools Alternative Procurement II (ASAP II) project in Alberta, Canada, reached financial close on 15 April 2010. This follows the Build II Learn consortium which was named preferred bidder in March 2010.

The ASAP II project includes K-4, K-9, middle and high schools in the communities of Edmonton, Calgary, Sherwood Park, Spruce Grove, Okotoks and Langdon. The P3 schools are scheduled to open in September 2012 and the design-build high schools will be completed by January 2013. The government of Alberta will provide availability payments and the project involves a 30 year maintenance and rehabilitation agreement.

Senior debt of CAD$75 million was provided by Sumitomo Mitsui Banking Corporation and the Bank of Ireland.

The Build II Learn consortium, advised by Investec North America, comprises Gracorp Capital Advisors, Hochtief PPP Solutions North America, Graham Design Build Services, Bird Construction Company and Honeywell.

Operis was engaged to provide financial model auditing services and a full tax and accounting review on behalf of the lenders and sponsors at both the bid and financial close stages.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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