On July 1, 2019, Meridiam Infrastructure North America Corporation announced their acquisition of the design, build, finance and operate North East Anthony Henday Ring Road (NEAH) P3 Project from ACS Infrastructure Canada Inc. and HOCHTIEF PPP Solutions. With this acquisition Meridiam now holds a 100% stake in the NEAH project and will oversee the operation and maintenance of the Northeast Anthony Henday highway infrastructure for the next 27 years.
The NEAH highway was opened in October 2016. The NEAH highway consists of 27 km of 6- and 8-lane divided roadway (9 km of new construction and 18 km of highway reconstruction), 9 interchanges, 10 flyovers, twin bridge structure across the North Saskatchewan River, and a total of 48 bridge structures, as well as operation and maintenance of associated existing highway infrastructure. NEAH is the first free-flowing ring road in Canada, with an estimated 50,000 motorists using it every day.
Meridiam Infrastructure North America Corporation is an investment management firm specialized in managing public and community infrastructure projects.
Osler, Hoskin & Harcourt LLP advised Meridiam Infrastructure North America Corporation with a team consisting of Chris Bennett (Financial Services), Drew Morier (Tax), Mary Abbott and Kai Sheffield (Corporate).