The Exemplar Health consortium will work with the Victorian State Government to enter into a AU$630 million (£434m) public-private partnership (PPP) to design, construct, maintain and finance the project.
The PPP capital commitments are fully underwritten, and Lend Lease will invest 50% of the equity alongside Siemens.
The new Bendigo Hospital will feature 372 in-patient beds, 10 operating theatres, an integrated cancer centre, a mental health unit and a helipad in addition to a mix of commercial developments. The works include a new hospital in addition to some minor refurbishment of heritage buildings.
Financial close on the project is expected by the end of May 2013, opening the way for site works to start.
Got a story? Email news@theconstructionindex.co.uk
