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WR1 General Discussion, page-32402

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    As promised here are the details of the road Stornoway built from Route 167 to Renard:

    • 240km total, in four segments A, B, C and D
    • It included 16 bridges and dozens of culverts
    • Construction began Feb 2012 and was completed Sept 2013
    • Quebec govt paid for A & B (143km) as a 70km/hr two-lane gravel highway (plus winter road to Renard)
    • The budget for Stornoway's share, C & D (97km) was 77m CAD
    • In early Dec 2012 Stornoway entered into financing agreement with Quebec govt; 85m CAD credit facility
    • By Feb 2013, the winter road to Renard was completed, allowing initial development of the site.
    • In March 2013, Stornoway began building C & D as a 50 km/hr single-lane mining grade road ("the Renard Mine Road")
    • Cree contractors (principally Eskan) completed the project 2 months early and for 70m (i.e. 7m under budget), with access to Renard achieved by the beginning of Sept 2013 (i.e. 6 months or 16.2 km /month)
    • Some works on the entire 240km continued after this, e.g. several temporary bridges replaced by permanent bridges.
    • For C & D, build cost was 800k CAD per km in 2013
    • So CE's estimate of 1m CAD per km seems pretty solid
    • If contractors build at the same rate as previously achieved, build time for 80km should be about 5 months

    More here:
    https://stornowaydiamonds.com/English/our-business/renard-mine/access-road-to-renard/default.html
    https://stornowaydiamonds.com/English/investors/news-releases/press-release-details/2013/First-Vehicle-Arrives-At-Renard-Project-Site-Via-New-Permanent-Road/default.htmlhttps://stornowaydiamonds.com/English/investors/news-releases/press-release-details/2013/Stornoway-Provides-Construction-Update-On-The-Renard-Mine-Road/default.html
 
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