Transaction Update: Chinook Roads Partnership - S&P Global Ratings’ Credit Research

Transaction Update: Chinook Roads Partnership

Transaction Update: Chinook Roads Partnership - S&P Global Ratings’ Credit Research
Transaction Update: Chinook Roads Partnership
Published Dec 24, 2013
2526 words — Published Dec 24, 2013
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Abstract:

Chinook Roads Partnership (ProjectCo) was selected to design, build, maintain and operate the Southeast Stoney Trail in Calgary, Alta. The new infrastructure consist of 25 kilometers of a six-lane divided freeway, plus additional basic and auxiliary lanes, and includes nine interchanges, three flyovers, and additional pregrading for future interchanges. The project opened to traffic Nov. 21, 2013, with the help of a waiver letter dated Nov. 20. The project was to open Oct. 1. However inclement weather during construction and the Calgary floods in June 2013 caused a 51-day delay to the overall construction schedule. Because of the delay, the design-build joint venture (DBJV) incurred liquidated damages (LDs) of about C$2.3 million. The waived deficiencies, which we consider to be

  
Brief Excerpt:

RESEARCH Transaction Update: Chinook Roads Partnership Publication date: 24-Dec-2013 Primary Credit Analyst: Valiant Ip, Toronto (416) 507-3219; valiant.ip@standardandpoors.com Secondary Contact: Mario Angastiniotis, Toronto (1) 416-507-2520;...

  
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Full Report

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Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Transaction Update: Chinook Roads Partnership" Dec 24, 2013. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Chinook-Roads-Partnership-1232866>
  
APA:
S&P Global Ratings’ Credit Research. (). Transaction Update: Chinook Roads Partnership Dec 24, 2013. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Chinook-Roads-Partnership-1232866>
  
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