Concert Properties provides equity capital for OPP modernization AFP project

Client

Concert Properties Ltd.

Date

September 23, 2010
On September 23, 2010, Infrastructure Ontario and the Ministry of Community Safety and Correctional Services announced that Shield Infrastructure Partnership had signed a contract to design, build, finance and maintain new OPP facilities in 16 communities across Ontario. Concert Properties Ltd. is part of the Shield Infrastructure Partnership and is providing equity capital for the project.

The OPP modernization project will be delivered using an Alternative Financing and Procurement (AFP) model. Construction of the new facilities is expected to be completed in the fall of 2012.

Concert was advised in this transaction by Fasken Martineau with a team led by Douglas Scott and including Brian Wright, Howard Carr, Sean Morley, Kathleen Butterfield and Marc Lefler.