Closing of CHUM financial agreement: Raymond Chabot Grant Thornton plays a key role in launching the $2 billion project

"We're proud to have supported the Quebec government in concluding the financing of this innovative, landmark project."

- Emilio B. Imbriglio, Chairman of the Board, Partner, Founder and Head of the Infrastructure Financing team

MONTREAL, June 14, 2011 /CNW Telbec/ - Raymond Chabot Grant Thornton welcomes the conclusion of the financial agreement for the construction of the new Centre hospitalier de l'Université de Montréal (CHUM). This event concludes several years of intense work and collaboration by all major stakeholders and advisors and marks the beginning of construction of this major project of unprecedented complexity in Canada. Raymond Chabot Grant Thornton acted as strategic advisor to the Quebec government and played a leading role.

"Our infrastructure financing team has been involved in the CHUM project from the outset. We are pleased to have been able to contribute our know-how and expertise in the field of public infrastructure financing to a project that is of crucial importance to Montreal and to Quebec as a whole," said the Chairman of the Board of Raymond Chabot Grant Thornton and Partner, Founder and Leader of the Public Infrastructure Group, Emilio B. Imbriglio.

The Firm advised Infrastructure Quebec throughout the process and took a lead role on the financial negotiations leading to the signing of the agreement, in addition to setting up the financing and procurement structure for the mega-hospital and its research centre. "More than 20 Raymond Chabot Grant Thornton consultants worked on this huge project, including several health infrastructure specialists. This teamwork showcases our firm's expertise and skill in strategic advice for projects of importance to our society. It's also one of the world's largest healthcare projects, only made possible through a blend of local and international expertise," added the Infrastructure Consulting Services Partner, Sam Pickering.

"Raymond Chabot Grant Thornton's added value in negotiating and implementing public-private partnership projects lies not only in its in-depth knowledge of corporate financing and issues associated with the development of new public infrastructures, but also in its capacity to put together multidisciplinary teams capable of addressing the challenges inherent in each type of project, in fields as varied as healthcare, transportation, public safety, infrastructures and information technologies, among others," concluded Mr. Imbriglio.

About Raymond Chabot Grant Thornton: Founded in 1948, Raymond Chabot Grant Thornton has become one of the international leaders in assurance, taxation, consulting, and recovery and reorganization services. The Firm owes it success to more than 2,000 employees across Canada, including more than 225 partners in over 90 offices in Quebec, eastern Ontario and New Brunswick. For more than 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, offering its clientele access to the expertise of member and corresponding firms in over 100 countries. Grant Thornton Raymond Chabot Infrastructure Inc. works across Canada and is headquartered in Montreal.

SOURCE RAYMOND CHABOT GRANT THORNTON

For further information:

Roch Landriault
NATIONAL Public Relations
514-843-2345

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