SASKATOON – City council has approved using a public-private partnership (P3) as the delivery model for the north commuter parkway project.
The $250-million project is now waiting for funding approval from the federal government’s New Building Canada Plan.
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The city is hoping to secure $60-million from the fund.
Both the north commuter bridge and a replacement traffic bridge in downtown Saskatoon are bundled into the city’s proposal.
A report from KPMG says using the P3 approach may save the city just over $26 million over a 30-year period.
The province has said it will not support the project unless the federal government pitches in money.
A decision on federal funding is expected sometime this spring.
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