Bridge Development
The debate did not end with the 1988 plebiscite and the federal government faced numerous legal challenges and a lengthy environmental impact assessment for the project. The developer of the single bridge proposal, Strait Crossing Development Inc., was selected and an announcement that the Northumberland Strait Crossing Project would be built was finally made on December 2, 1992; the developer being required to privately finance all construction through bond markets.
Shareholders of Strait Crossing Development Inc. include:
- OMERS, an Ontario public servant pension fund
- VINCI Concessions Canada Inc., Montreal, Quebec
- BPC Maritime Corporation, Toronto, Ontario
- Strait Crossing Inc., Calgary, Alberta (subsidiary of W. A. Stephenson / Stephenson Construction International (SCI) Engineers & Constructors Group of Companies)
- Ballast Nedam Canada Limited, Edmonton, Alberta
Read more about this topic: Confederation Bridge
Famous quotes containing the words bridge and/or development:
“What need the bridge much broader than the flood?”
—William Shakespeare (1564–1616)
“The work of adult life is not easy. As in childhood, each step presents not only new tasks of development but requires a letting go of the techniques that worked before. With each passage some magic must be given up, some cherished illusion of safety and comfortably familiar sense of self must be cast off, to allow for the greater expansion of our distinctiveness.”
—Gail Sheehy (20th century)