A Victoria company is the lowest of eight bidders recently vying for a multimillion-dollar contract to build the new 215,000-square-foot home of the Royal Canadian Air Force’s 443 Maritime Helicopter Squadron at the Victoria International Airport.
Knappett Projects Inc. learned it had the lowest bid at just under $104-million.
A 30-day contract approval process will conclude in September, before construction is expected to begin in October.
The state-of-the-art hangar will open in spring 2014, the same year the squadron’s nine new Cyclone helicopters will begin arriving to replace six aging Sea Kings.
“A $5-million job is a great job nowadays on the Island, so to have a $100-million job is really great,” said Greg Baynton, president of he Vancouver Island Construction Association.