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
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