Hospital Infrastructure Partners has signed a contract with Halton Healthcare Services to design, build, finance and maintain the New Oakville Hospital. The Hospital Infrastructure Partners team includes:
- Developer: Carillion Canada Inc., EllisDon Corporation, Fengate Capital Management Limited
- Design: Parkin Architects in joint venture with Adamson Associates Architects
- Construction: EllisDon Corporation, Carillion Canada Inc.
- Facilities Management: Carillion Canada Inc., EllisDon Corporation
- Financial Advisor: Fengate Capital Management Limited, Scotia Capital
Equity funding for the project will be provided by:
- Five infrastructure funds managed by Fengate Capital Management Limited (LPF Infrastructure Fund, OE Infrastructure Fund L.P., TCPP Infrastructure Fund L.P., Fengate Greenfield Infrastructure Fund L.P., and Toronto Electrical Workers Infrastructure Fund L.P.),
- Carillion Private Finance Limited; and
- EllisDon Inc.
The short-term bank facility will be financed by a syndicate of banks which include:
- The Bank of Nova Scotia
- Credit Agricole Corporate and Investment Bank
- Bank of Tokyo-Mitsubishi UFJ (New York Branch)
- Sumitomo Mitsui Banking Corporation
- National Bank of Canada
- Canadian Imperial Bank of Commerce
- Bank of Montrea
- Dexia Crédit Local S.A. (Canada Branch)
The long bonds are fully underwritten by Scotia Capital Inc. and National Bank Financial Inc.
Hospital Infrastructure Partners participated in an open, fair and competitive procurement process and submitted the proposal with the best value for Ontario taxpayers.
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