BC Hydro confirms $1.75 billion price tag on main civic works contract

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VANCOUVER, B.C. — After reaching an agreement with Peace River Hydro Partners on the eight-year main civic works contract for Site C, BC Hydro now confirms that the value of the contract is approximately $1.75 billion.

CEO Jessica McDonald stated in late November, when Peace River Hydro Partners was announced as a preferred proponent, only that the contract was over $1.5 billion.

It includes the construction of an earthfill dam, two diversion tunnels and a roller-compacted-concrete foundation for the generating station and spillways.

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This work will require approximately 8,000 person-years of employment over the length of the contract, and about 1,500 workers at the peak of construction, says BC Hydro.

Peace River Hydro Partners is made up of ACCIONA Infrastructure Canada Inc., Petrowest Corporation and Samsung C&T Canada Ltd.

According to the crown corporation, the contract with Peace River Hydro Partners is within the set budget of $8.335 billion needed to complete the project.

The B.C. government has also established a $440 million project reserve to care for occurrences that can’t be controlled, such as increases for  inflation or interest rates.

Job fairs and business-to-business networking sessions are scheduled for early 2016, to meet the demand for jobs.

The province has put emphasis on the local jobs for Site C in the past, and BC Hydro says ‘the sessions will provide an opportunity for local, regional and Aboriginal businesses and job seekers to meet the main civil works team and other project contractors.’

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