Globe & Mail 07:17 AM EDT, 08/24/2021 (MT Newswires) -- Bird Construction (BDT.TO), which rose 2.2% yesterday, overnight Monday said that Concert-Bird Partners, a consortium which also includes Concert Infrastructure, has been selected by Alberta Infrastructure as the preferred proponent for the Design, Build, Finance, and Maintain (DBFM) contract for five Alberta high schools.
Under the public-private partnership (P3) model, Concert-Bird Partners will deliver five new Alberta high schools including two in Edmonton and one in each of Blackfalds, Leduc, and Langdon. Once complete, the schools will accommodate nearly 7,000 students and will include approximately 650,000 sq. ft. of permanent structure space. Designs for the schools will include considerations for optimized building performance, energy conservation and other sustainable building features.
"Bird and Concert Infrastructure have a strong partnership and a proven track record of success in this market, including the delivery of other multi-school contracts under a similar model in Alberta and Saskatchewan. We are pleased to be considered for the opportunity to deliver such an important project that will leave a lasting and positive impact in these communities well into the future," said Teri McKibbon, President and CEO of Bird Construction Inc. "Our experienced Bird Capital team has a robust performance record in the P3 market, and this contract will further contribute to Bird's portfolio of projects with an appropriately balanced risk-reward profile."
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