The Original and Current Partners
 

  • Cobequid Pass Atlantic Highways Corporation (AHC), a subsidiary of Canadian International Corporation (CHIC) of Mississauga, Ontario, was the major contractor.
  • AHC had involved three major Nova Scotia sub-contractors: Nova Construction, Tidewater Construction, and the BFC Civil Company of Canada.
  • CHIC had four equity partners: Moneco-Agra Inc., Dufferin Construction, Ambro Holdings Inc., The BFC Civil Co. of Canada.
  • Atlantic Highway Management Corporation Limited (AHMCL) was a subsidiary of AHC and is subcontracted by the Highway 104 Western Alignment Corporation to manage the toll operations. It is now a subsidiary of Aecon Group.
  • Newcourt Credit Group was a non–bank lending institution, and underwrote the toll revenue bonds for the private financing.  Newcourt is now CIT Financial Limited.  CIT Financial Limited currently acts as the Bondholders Representative.  They don't hold any of the bonds, which are held by four Insurance Companies and an Investment firm.
  • Highway 104 Western Alignment Corporation is a government business enterprise owned by the Provincial Government. It was created by the Highway 104 Western Alignment Act (and incorporated in July of 1995) to manage the financing, design, construction, operation and maintenance of the project. The financial transactions of the Corporation were handled through the construction trustee, Montreal Trust, and Newcourt Credit Group had the right to review these transactions.  Currently, the financial transactions are handled by Computershare Trust Company of Canada.
  • McCormick Rankin is the Independent Maintenance Engineer. Before the Highway 104 Western Alignment Corporation can authorize payment, the IME ensures the work has been done according to the appropriate specifications.
  • The Department of Transportation and Infrastructure Renewal owns the highway. The operation of the highway will be turned over to the Province when the bondholders are repaid in 2026.
  • The federal contribution to this project was funded by the Strategic Highway Improvement program (SHIP) through Transport Canada.

Joint Advisory Committee (JAC)
The JAC is composed of the Highway 104 Western Alignment Corporation, Atlantic Highways Management Corporation Limited, the Department of Transportation and Infrastructure Renewal, and McCormick Rankin (the Independent Maintenance Engineer). The Committee meets quarterly to review and monitor the operation of the toll highway, including the maintenance of the roadway and the operation of the toll plaza.

 

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Highway 104 Western Alignment Corporation