Highway 697 Toll Bridge

As part of a Project Acceleration initiative, the CIB signed a Memorandum of Understanding with Alberta Transportation to undertake a review of the proposed Highway 697 Toll Bridge. The suggested toll bridge would replace the seasonal ferry and ice road currently being used to carry traffic across the Peace River. It is expected to reduce travel times and congestion, increase safety and improve access to services, and support the local forestry, agriculture and trucking industries. Our team of experts will conduct geotechnical reviews and land surveys, review estimated project costs and revenues, explore financing options and assess of economic benefits.Benefits of CIB involvementAs the first potential user-pay transportation project in Alberta, our experts early engagement in the project will provide Alberta Transportation access to our financial structuring expertise during the critical development stage. Large infrastructure projects take years to plan and are often delayed due to limited availability of development capital. The CIB’s funding will be used to expedite project assessment work.

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