Saskatchewan to tender DBFM long-term care facilities
The Province of Saskatchewan and the Cypress Health Region announced last week they have elected to proceed with a design-build-finance-maintain public-private partnership (P3) procurement model for the new 225 bed long-term care facility in Swift Current.
In a press release they said that the region will soon post tenders for advisors who will provide expertise and assistance during various elements of the planning and procurement process.
Minister responsible for SaskBuilds Don McMorris said:
"Tapping into the private sector expertise through a P3 process will generate innovative designs to improve services and increase operating efficiencies. A P3 process also creates incentives for the project to be delivered on time and on budget and will ensure the facility is properly maintained over the term of the agreement."
The long-term care facility will be built on 15 acres of a 30 acre parcel of land owned by the Cypress Health Region that is adjacent to the regional hospital. The government said that initial analysis indicates there is value for money with a P3 model for this type of project. If the value for money is not proven during the procurement process, the health region and province will consider other funding options.
The procurement process for the private partner is expected to start in mid-August and onsite work may begin as early as next spring.The capital construction cost of the facility will be determined through the competitive public private partnership bidding process.
Source: Government of SaskatchewanCountry news
-
-
July 08, 2013
Shortlist announced for McLoughlin Point Wastewater Treatment Plant Project
On 23 June 2013, three qualified teams have been shortlisted to participate in the next stage of the competitive selection process to design, build and partially finance the McLoughlin Point Wastewater Treatment Plant in British Columbia, Canada. Read more -
July 09, 2013
Tender launched for Student Housing Facility DBFO in Saskatchewan
The Saskatchewan Institute of Applied Science and Technology, in Canada, launched on July 2nd, 2013, a tender process to seek a Design Build Finance and Operate Partner for a Student Housing Facility on SIAST Palliser Campus. Read more -
July 10, 2013
Capstone Infrastructure Corporation acquires ReD through share exchange
Capstone Infrastructure Corporation and Renewable Energy Developers Inc.(ReD) have agreed that Capstone will acquire all the outstanding shares of ReD by way of a share exchange. Read more -
July 10, 2013
Brookfield Asset Management appoints Chief Investment Strategist
Brookfield Asset Management Inc. has announced the appointment of Mr. Kim G. Redding to the position of Chief Investment Strategist. Mr. Redding, formerly chief executive officer of Brookfield Investment Management, has led Brookfield's public securities investment platform since 2009 and has over 30 years of investment experience, focused on Real Assets. Read more -
July 12, 2013
Tender launched for Kindersley wastewater P3 project in Saskatchewan
The Town of Kindersley in Saskatchewan, Canada, is soliciting proposals from interested and qualified companies to form a Public Private Partnership (PPP) to access and utilize the wastewater that is discharged from the Kindersley Water Treatment Plant. The successful Proponent shall determine the most appropriate method of accessing the water as well as suggest a viable partnership structure between the Proponent and the Town. Read more
