NBDOT HADD Bank

This is a bank that is being developed from a surplus of credits that was generated while NBDOT and Brun-Way (the design-build firm of the THCP project) were compensating for impacts from the Trans-Canada Highway Project (begun in 2005). The NBDOT TCHP HADD Compensation bank generated 53,545 m2 surplus HADD compensation credits and Brun-Way generated surplus credits of 102,797 m2 (of which the Deparment of Fisheries and Oceans would allow 90,000 to be transferred). The total project surplus was approximately 143,000 m2 of credits. NBDOT and DFO are currently in the process of finalizing a new MOU that will allow these surplus credits to be deposited in to a new HADD Compensation Bank. This NBDOT HADD Compensation Bank initiative is a typical bank in that deposits are made to the bank when NBDOT (or a third party) completes a habitat improvement project. NBDOT makes a withdrawal from the bank when it initiates a project or contract that requires HADD compensation.

Bank Statistics

Date Established: Status: Inactive Bank Size: 14.3000 hectares
Country: Canada State/Province: New Brunswick Other Location: Fredericton
Species/Habitat types:

fish habitat

Credits Awarded: 143,000 Credits Sold:
Program in which the bank operates: No Associated Program
Bank Contact Information:
Bank Regulator Information:

Canada's Department of Fisheries and Oceans (DFO), Atlantic Region - Ted Currie

Data Source:

http://www.tac-atc.ca/english/resourcecentre/readingroom/conference/conf2008/docs/a2/clowater.pdf

Last Updated: October 9, 2010