News
Concert Acquires Remaining Interest in OPP Modernization Project
April 16, 2015
Concert Infrastructure is now sole owner of the Ontario Provincial Police Modernization project and its company, Shield Infrastructure Partnership. The Vancouver developer acquired the remaining 50% stake in the venture, held by HOCHTIEF PPP Solutions. Completed in 2012, the project entailed construction of new OPP facilities in 16 communities, including a regional HQ in Orillia (above). All of the facilities—detachments, regional HQs and forensic identification units—are LEED-certified and publicly owned assets. Concert has refinanced the project’s long-term bank debt via the issuance of a "green bond," part of a provincial program supporting sustainable infrastructure projects.
