Construction,
architecture and development 
Support services and construction company
Carillion in a joint venture with partners Ellis Don and The LPF
Infrastructure Fund has reached financial close in a project to
build, finance and maintain the Sault Area Hospital in Ontario,
Canada.
The project is expected to generate combined construction and
support services revenues for Carillion of £92 million. In
addition, Carillion will invest £3.5 million of equity (25% of
the total equity investment) in the project, with this
investment funded from the Carillion Group’s own resources.
Carillion, in partnership with Ellis Don, will construct the new
three-storey, 289-bed acute care hospital, which will include
rehabilitation, complex continuing care and radiation treatment
facilities, at a capital cost of £122 million. Carillion and
Ellis Don will also provide facilities management services worth
some £79 million, over the course of the 30 year concession
period.
Commenting on the project, Carillion chief executive, John
McDonough, said: “We are delighted to have achieved financial
close for this major new hospital, which will be our third
private finance hospital project in Canada, and follows the
successful delivery of the Royal Ottawa Hospital and the William
Osler Hospital in Toronto.
“Developing our healthcare business in Canada through our
ability to integrate our private finance, support services and
construction skills is a key part of our strategy for growth.
“We look forward to working closely with the Sault Area Hospital
to provide a state-of-the-art hospital and the high quality
facilities management services necessary to support the delivery
of first class healthcare.”
Email:
Donna.Halfpenny@carillionplc.com
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Editor's Note: Carillion provide:-
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Carillion - Joint venture achieves financial close on third hospital project in Canada with a total value of £200 million
Arundel Jones Associates Ltd News Categories : Construction, architecture and development |