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The final negotiations between the Government of Newfoundland and Labrador and New Avalon Corrections Partners (NACP) have culminated in a final project agreement, including reaching financial close on the Adult Corrections Facility Replacement Project in St. John’s.
The project is set to replace Her Majesty’s Penitentiary, one of Canada’s oldest operating prisons. Originally constructed in 1859, the current site acts as the primary facility for housing medium and maximum-security male prisoners in the region.
The anticipated timeline is 50 months of construction, with anticipated completion in fall 2029.
In June, ground was broken on the site of the Adult Corrections Facility Replacement Project at East White Hills Road as the result of an Early Works Agreement valued at approximately $1.5 million that allowed NACP to begin site preparation while the full, comprehensive project agreement was being finalized.
Parties
Company
New Avalon Corrections Partners (NACP)
Company
Plenary Americas
Deal Type
Financing/InvestmentIndustry
InfrastructureTransaction
$ 692,000,000Deal Status
ClosedClosing Date
17 July 2025