£144m Ontario, Canada hospita
23 February 2009
Carillion to build and finance a £144 million hospital expansion in Ontario, Canada
Leading support services and construction company, Carillion, has been selected to build and finance a major £145 million ($258.5 million CAD) expansion of the Royal Victoria Hospital in Barrie, Ontario, which will nearly double the size of the existing hospital.
The project in Barrie, a city 45 minutes outside Toronto, will add more than 400,000 square feet of new space, including the Simcoe Muskoka Regional Cancer Centre, to provide specialist services to Simcoe County and the District of Muskoka.
Infrastructure Ontario and the Ministry of Health and Long-Term Care are working with the Royal Victoria Hospital to develop the facility, which will remain publicly owned, controlled and accountable.
Carillion is one of the leading providers of privately financed healthcare facilities in Canada. In addition to the Barrie project, Carillion has successfully delivered two major Public Private Partnership hospitals - the New William Osler Hospital in Toronto and the Royal Ottawa Hospital - and is currently building a third, the Sault Area Hospital,
The latest project has been won following Carillion's acquisition of the Vanbots Group, a well established construction management services group in Canada, in October last year. The Vanbots acquisition significantly enhanced Carillion's ability to provide fully integrated solutions, especially for PPP projects, and further strengthened Carillion's leadership in the health sector in Canada.
John McDonough, chief executive of Carillion, says 'Carillion has enjoyed considerable success in the UK health sector and now we are building an impressive portfolio in the healthcare market in Canada. Our latest contract will transform the services the Royal Victoria Hospital can offer to the people of Barrie and we are delighted to have been chosen for this important project.'
Financing for the expansion is being arranged by Norddeutsche Landesbank Gironzentrale, National Australia Bank Limited, National Bank of Canada Inc, CIT Financial Ltd, Banco Espirito Santo de Investimento SA, Toronto Dominion Bank and Bank of Montreal.
Now that financial close has been achieved, construction work will begin shortly. Construction of the new addition and cancer centre is expected to be completed in the Autumn of 2011, with the significant renovations to the existing hospital completed by Spring 2013.
For further information:
John Denning, Director Group Corporate Affairs, Carillion plc +44 (0)1902316426
Notes to editors
Carillion is one of the UK's leading support services, Public Private Partnership project and construction companies. The Group has annual revenue of around £5 billion, employs some 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean.
In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utility Services.
In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.
In the inaugural Sunday Times Best Green Companies Awards in May 2008, Carillion secured first place in the category for large and medium-sized companies with high environmental impact and second place overall.
This and other Carillion news releases can be found at www.carillionplc.com
This information is provided by RNS
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