Last checked at 8 Jun 2011 07:00
8 June 2011
Carillion joint venture appointed preferred bidder for Public Private Partnership hospital contract in Canada expected to be worth approximately £390 million to Carillion
A Carillion joint venture, Hospital Infrastructure Partners, has been selected by Infrastructure Ontario and Halton Healthcare Services as the preferred bidder to finance, design, build and maintain the new replacement Oakville Hospital.
The project will be delivered using an Alternative Financing and Procurement (AFP) model, which is similar to the UK's Public Private Partnership model.
Hospital Infrastructure Partners will now work with Infrastructure Ontario, the Ministry of Health and Long-Term Care and Halton Healthcare Services to finalise contract details. The project is expected to reach financial close this Summer.
Carillion expects to invest some £28 million of equity in the project and will also be a member of the joint venture that will carry out the construction work and provide facilities management and life-cycle maintenance services over the 30-year concession period that together are expected to generate approximately £390 million of revenue for Carillion.
Construction, which will begin immediately after financial close and be completed in 2015, is expected to create jobs in the community and stimulate economic development in the region.
The new hospital will be a state-of-the-art facility providing a full range of health services. It will be designed and built to meet the Canada Green Building Council's Leadership in Energy and Environmental Design (LEED®) rating system, with a goal of achieving LEED® Silver certification. LEED® buildings focus on healthy indoor environments, reduced greenhouse gas emissions and efficient use of energy, water and other resources.
Commenting, Carillion Chief Executive, John McDonough, said: "We are delighted to have been selected as the preferred bidder for this important new hospital, which further reinforces our position as a leader in delivering Public Private Partnership projects in Canada, particularly in the health sector. We look forward to working with Infrastructure Ontario and Halton Healthcare Services to achieve financial close and then to deliver this new state of the art hospital, for which we will also provide facilities management and maintenance services."
For further information contact
John Denning, Director Group Corporate Affairs +44 (0) 1902 316426
Finsbury
James Murgatroyd or Gordon Simpson +44 (0) 207 2513801
Notes to editors
Carillion is a leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2010 of £5.1 billion, employs around 50,000 people and operates across the UK, in the Middle East and Canada. The Group has four business segments.
Support services, which includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy services.
Public Private Partnership (PPP) projects, which includes our investing activities in PPP projects in our chosen sectors of Defence, Health, Education, Transport, Secure and other Government accommodation.
Middle East construction services, which includes our building and civil engineering activities in the Middle East.
Construction services (excluding the Middle East), which includes our building, civil engineering and developments activities in the UK and our construction activities in Canada.
This and other Carillion news releases can be found at www.carillionplc.com