Re Contract (0399I)
June 08 2011 - 2:00AM
UK Regulatory
TIDMCLLN
RNS Number : 0399I
Carillion PLC
08 June 2011
8 June 2011
Carillion joint venture appointed preferred bidder for Public
Private Partnership hospital contract in Canada expected to be
worth approximately GBP390 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 GBP28 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 GBP390
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(R)) rating system, with a goal of
achieving LEED(R) Silver certification. LEED(R) 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 GBP5.1 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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