{"id":8252,"date":"2019-10-28T10:22:14","date_gmt":"2019-10-28T17:22:14","guid":{"rendered":"https:\/\/origin-www.parsons.com\/?p=8252"},"modified":"2019-10-28T10:22:14","modified_gmt":"2019-10-28T17:22:14","slug":"regina-bypass-opens-on-schedule-and-on-budget","status":"publish","type":"post","link":"https:\/\/www.parsons.com\/2019\/10\/regina-bypass-opens-on-schedule-and-on-budget\/","title":{"rendered":"Regina Bypass Opens on Schedule and on Budget"},"content":{"rendered":"<p><strong>Parsons an Equity Partner; USD $1.4B P3 is Saskatchewan\u2019s Largest Infrastructure Project<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8253\" src=\"\/wp-content\/uploads\/2019\/10\/Regina_Bypass_double_diamond_interchange_900x484.jpg\" alt=\"\" width=\"900\" height=\"484\" \/><\/p>\n<p>We\u2019re pleased to celebrate completion of the Regina Bypass, a 40-mile, 4-lane highway near Regina, SK, on October 28, 2019. Completed on schedule and within budget, the bypass will improve motorists\u2019 safety, reduce traffic congestion in and around Regina, and reduce carbon emissions and fuel consumption.<\/p>\n<p>Parsons participated in the design-build joint venture and is an equity participant in the consortium that financed the public-private partnership (P3) project. Following completion, the consortium will provide operations and maintenance for 30\u00a0years, in partnership with the Ministry of Highways and Infrastructure.<\/p>\n<p>\u201cP3 delivery is a powerful option for infrastructure owners to leverage private investments to finance, build and operate public assets, ensuring the long-term viability of essential infrastructure,\u201d said Ruth McMorrow, enterprises president for Parsons.<\/p>\n<p>\u201cIt\u2019s an honor to continue our legacy of developing and improving Canada\u2019s transportation infrastructure while improving public safety and quality of life for the Regina region,\u201d said Steven Smith, executive vice president of Parsons\u2019 construction center of excellence.<\/p>\n<p>The P3 approach delivered cost saving of USD\u00a0$285 million for taxpayers compared to constructing the bypass through conventional methods, and sped completion by at least 6\u00a0years compared to a traditional build. Parsons\u2019 development partners included VINCI and Graham, and builder partners included VINCI, Carmacks, and Graham.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parsons an Equity Partner; USD $1.4B P3 is Saskatchewan\u2019s Largest Infrastructure Project We\u2019re pleased to celebrate completion of the Regina Bypass, a 40-mile, 4-lane highway near Regina, SK, on October [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8252","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\n<title>Regina Bypass Opens on Schedule and on Budget<\/title>\n<meta name=\"description\" content=\"Parsons an Equity Partner; 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