Interior Health, the publicly funded healthcare provider in an area of the Canadian province of British Columbia and a consortium led by Canadian infrastructure developer EllisDon Capital last week finalized the contract for a new patient care tower and parkade at Penticton Regional Hospital through a P3 contract, in British Columbia (Canada).
The team also includes Ontario Pension Board (equity providers); EllisDon (design-builder), Parkin Architects Limited (architect); Cofely Services Inc. (service provider), EllisDon Facility Services Inc. (service provider).
The project will be developed on a design, build, finance, and maintain (DBFM) basis. The contract period will be 30 years.
EllisDon Infrastructure financed the Penticton Patient Care Tower Project with a Green Bond thanks to the achievement of Leadership in Energy and Environmental Design Gold certification. The financing has been assured of its green attributes by Altus Group Limited, an industry-respected consultant and technical advisor for public and private-sector infrastructure projects.
Based on the EllisDon bid, the capital budget for the project is now C$312.5 million (around US$216 million). The OkanaganSimilkameen Regional Hospital District is providing C$117 million, the South Okanagan Similkameen Medical Foundation is contributing $20-million, Interior Health is providing C$14.4 million, and the provincial portion is C$161.1-million.
EllisDon beat out competition from two other teams that were in the shortlist led by Plenary Group and Gracorp Capital Partners LP.
The project includes two phases:
Clinical, housekeeping, and food services will be provided by Interior Health.