Windsor Essex Mobility Group GP (WEMG), an equity consortium of Fluor Canada Ltd, ACS Infrastructure Canada Inc. and Acciona Concesiones Sociedad Limitada, is responsible for the finance, design, construction and maintenance of the project. WEMG is the operating entity for the 30-year concession management of the Parkway.
The financing mechanism for the project is a hybrid availability structure. The province paid 85 percent of the capital costs through traditional payment mechanisms at significant completion milestones in the construction of the project. The remaining 15 percent and maintenance costs over the 30-year period are paid through an availability payment.
WEMG achieved initial total commitment of financing prior to submittal through bank financing involving a club of 11 international banks. A refinancing was also undertaken in 2017 through the issuance of bonds.
Fluor is also a member of Parkway Infrastructure Constructors (PIC), the design-build joint venture for the Rt. Hon. Herb Gray Parkway. PIC also includes Dragados Canada and Acciona Infrastructures Canada.