A public-private partnership (PPP) project for police facilities in the Canadian province of Ontario has been awarded to German-owned HOCHTIEF Concessions.
Its subsidiary HOCHTIEF PPP Solutions North America has been contracted to design, build, finance and maintain a total of 18 provincial police facilities.
HOCHTIEF PPP Solutions has a 50 percent stake in the project company Shield Infrastructure Partnership. Over the 30-year term of the agreement, the project has a contract volume of C$412 million. The investment volume is C$117 million.