TORONTO--(BUSINESS WIRE)--Balfour Beatty Investments, a leading investor, developer and operator of Public-Private Partnership projects, announces today that it has reached financial close for the Enterprise Data Centre (EDC) Borden Expansion Project with Defence Construction Canada, a Crown corporation, in Ontario, Canada. Balfour Beatty will invest approximately C$5.4 million into the project, representing 50% of the equity required.
The PPP (P3) project is a C$322 million contract to design, construct, finance and provide facilities management for a new 10,000m2 data centre located on the Canadian Forces Base in Borden, Ontario. Construction is expected to commence in June 2016 and the first of four phases of the new facility will be completed in fall of 2017.
Balfour Beatty Investments and Forum Equity Partners will finance the project. Construction services will be delivered by Walsh Canada, architectural services by WZMH, engineering services by Ehvert Mission Critical, and facilities management by Brookfield Global Integrated Solutions—all Canadian firms—over the 25-year concession period.
The EDC Borden Expansion Project is a new, modern and secure facility being procured to consolidate more than 400 existing data centers throughout the Provinces. The ultimate owner of the facilities will be Shared Services Canada.
Commenting today, Chris Arthur, senior vice president for Balfour Beatty Investments Canada said, “This project represents a meaningful win for our organization since this is the first of a potential pipeline of P3 projects for the Canadian Department of National Defence, and a demonstration of continued growth of our business in this key market. We look forward to working with such a respected group of partners who have a well-established presence in the data centre sector.”
About Balfour Beatty Investments
Balfour Beatty Investments specializes in partnering with government entities and high performing public sector firms to implement their strategic plans through the Public-Private Partnership (PPP/P3) model. With operations in the U.S., U.K. and Canada, we raise and structure finance to help customers achieve goals that might otherwise be unattainable. We also invest directly in infrastructure assets, particularly where there are opportunities to manage the project upon completion and enhance operational efficiency.
Balfour Beatty Investments is part of Balfour Beatty plc, a global leader in construction services, support services, and infrastructure investment.