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TORONTO, Aug. 26, 2015 /CNW/ - Bird Construction Inc. announced today that it is part of the Boreal Health Partnership consortium selected as the preferred proponent to design, build, finance and maintain the Stanton Territorial Hospital Project located in Yellowknife, Northwest Territories. Bird has a 50% interest in (and is the managing partner of the construction joint venture) that will design and build the project. It will also take a minority equity interest in the concession responsible for the design, construction, financing and maintenance of the project through Bird Capital, a wholly owned subsidiary.
The new hospital is located on the same site as the current facility. It will include a floor area of over 280,000 sf and will offer outpatient and inpatient services including emergency, medical imaging, dialysis, obstetrics, pediatric, cardio and mental health departments as well as day procedure and surgery suites.
The consortium plans to reach financial close in September of this year with construction expected to commence shortly thereafter. At this time there can be no assurances that the consortium will receive a contract award related to this project.
"The Company is very pleased to be selected as the preferred proponent to develop and maintain the new Stanton Territorial Hospital. We are proud of the work of our team, along with our partners, in securing this opportunity to develop a new hospital that offers the highest level of health care, including diagnostic and therapeutic services, to the residents of the Northwest Territories and the Kitikmeot Region of Nunavut" said Mr. Ian Boyd, President and CEO of Bird.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.
For further information: I.J. Boyd, President & CEO or S.R. Entwistle, CFO, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: (905) 602-4122 Fax: (905) 602-1516