Fengate consortium selected to deliver six new schools in Alberta, Canada

Fengate Asset Management (Fengate), as part of the EllisDon Infrastructure consortium, has been selected by the Government of Alberta to deliver six new schools as part of the P3 Schools Bundle #5 project.

The consortium achieved financial close on the project this week to design, build, finance, and maintain the schools under a public-private partnership (P3).

Three grade K-9 schools, located in Calgary (Nolan Hill), Chestermere, and Okotoks; one K-8 school in Aidrie; one K-5 school in Blackfalds; and one grade 7-12 school in Edmonton (Glenridding Heights), are anticipated to open in 2027 and provide an opening capacity for 5,550 students.

“We are honoured to be part of this transformative project that will provide state-of-the-art educational facilities for students across Alberta,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

“Achieving financial close is a testament to the collaborative efforts of our consortium partners and the Alberta government, and we look forward to working shoulder-to-shoulder to build the future of education in the province.”

Fengate, which successfully delivered a P3 bundle of six schools in Prince George’s County, Maryland, near Washington D.C. in 2023, remains committed to delivering high- quality social infrastructure that enhances communities across Canada and the United States.

The EllisDon Infrastructure consortium – comprised of EllisDon Capital Inc., Fengate Asset Management, EllisDon Construction Services Inc., GEC Architecture, Smith + Andersen, Entuitive Corporation, Grade Consulting Inc., Scatliff + Miller + Murray Inc., Footprint, and FFA Consultants – was selected following a competitive procurement process.

Fengate is managing this investment on behalf of the Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada.