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Laing O’Rourke JV closes $2.1bn Montreal hospital deal

14 Jun 11 A joint venture formed by Laing O’Rourke, Innisfree, Dalkia Canada and Obrascón, Huarte Lain (OHL) has reached financial close on a C$2.1bn (£1.32bn) healthcare project in Montreal, Canada.

The  CHUM Collectif joint venture is responsible for a design, build, finance and maintain project, which includes a new 21-storey hospital. It forms a key part of the Centre Hospitalier de L'Universite de Montreal (CHUM) modernisation programme aimed at consolidating the hospital’s activities in one location.

The new hospital will cover 225,000m2 of floor space and deliver 772 single-bed rooms, together with a new energy centre. The project also includes a 30-year maintenance concession. The first phase of the new hospital is due for completion in 2016.

All of the joint venture partners are investors in the project through a special purpose private finance entity, with Laing O’Rourke and OHL responsible for the design and build of the new hospital.  Dalkia Canada will be the facilities management provider and HCP Social Infrastructure Canada is acting as project manager.

Laing O’Rourke CEO, Canada, Europe and Middle East Roger Robinson said: “Having made the strategic decision to enter the Canadian market, Laing O’Rourke is delighted that the CHUM Collectif has reached financial close on this prestigious project.

“Our task is now to utilise our consortium’s global expertise in high quality healthcare infrastructure projects to deliver CHUM’s vision of ‘a facility which focuses on patient-centred care and values innovation, in professional, technological and organisational practices’."

Key advisers to the joint venture are: Investec (finance), Blakes (Legal), Cannon Design and DCYSA (architect) and HH Angus & Associates (mechanical and electrical).

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