MONTREAL, Nov. 28, 2012 /CNW Telbec/ - The Canadian Council for
Public-Private Partnerships (CCPPP) has awarded the Centre hospitalier
de l'Université de Montréal (CHUM), the Collectif Santé Montréal (CSM)
and Infrastructure Québec its 2012 Gold Prize for financing
construction of the new CHUM.
This award recognizes the innovative approach to financing launched by
Collectif Santé Montréal, the consortium in charge of project design,
construction, financing and maintenance. The CCPPP presented this Gold
Prize at its annual conference on November 26 in Toronto.
Consisting of Innisfree Canada Ltd., Obrascon Huarte Lain, S.A., Laing
O'Rourke PLC and Dalkia Canada Inc., Collectif Santé Montréal raised
$1.37 billion through the sale of secured bonds. This is the largest
senior dept funding ever raised in Canada for a public-private
partnership (PPP). Luc Fouquette, the Collectif's General Manager said,
"This funding is also the very first for a PPP project in Canada with a
BBB rating (BBB+ by DBRS and Baa2 by Moody's)." The consortium's
proposed phasing is the key to this innovative approach and will permit
delivery of a fully functioning hospital by the spring of 2016.
"I would like to thank the CCPPP for this recognition, which attests to
the excellent proposal developed by our partner, Collectif Santé
Montréal (CSM), for building the new CHUM in downtown Montreal," said
Christian Paire, Director General and CEO of the CHUM. "By 2016,
Quebeckers will benefit from state-of-the-art care in a comprehensive,
leading-edge hospital with 772 beds and 39 operating rooms planned,
along with the majority of outpatient clinics. An amphitheatre and
library, as well as clinical and administrative facilities will be
added by 2019. Our partner, CSM, mobilized an international team
incorporating local expertise to create this patient-oriented concept.
Our new CHUM will redefine the hospital experience."
About the CHUM
The Centre hospitalier de l'Université de Montréal (CHUM) is one of the
largest teaching hospitals in North America. Known for excellent care
and the expertise of its specialists, every year it welcomes more than
half a million patients not only from the greater Montreal region but
also the entire province of Quebec. The essence of its mission is the
application of innovative approaches to healthcare, the search for new
knowledge, the promotion of health and the transfer of knowledge.
Boasting a rich history, the CHUM is looking to the future with the
ongoing construction of new facilities and its research centre in
downtown Montreal, a comprehensive project on a single site valued at
nearly $2.5 billion. The CHUM Research Centre will open its doors in
2013. It will be followed in 2016 by the unveiling of the new CHUM, a
world-class teaching hospital in tune with its community where it plays
a major role, in a socially aware perspective of sustainable
development and concerted urban approach. It is also an active member
of the Réseau universitaire intégré de santé (RUIS) de l'Université de
About the Collectif Santé Montréal
The Collectif Santé Montréal is a consortium consisting of Innisfree
Canada Ltd., Obrascon Huarte Lain, S.A. (OHL), Laing O'Rourke
Corporation Ltd. (Laing O'Rourke) and Dalkia Canada Inc. Its mission is
to design, build, finance and maintain the future CHUM. Two separate
project construction phases will take place over a nine-year period,
starting in 2011. Operating under the name Construction Santé Montréal,
contractors Laing O'Rourke and OHL are drawing on the experience of
many major regional and international subcontractors, such as Cannon
Design (Canada) and DCYSA (Montreal) architects, HH Angus, Pasquin
St-Jean, Roche and Groupe SM engineers and Montréal construction firms
EBC and Magil. Once construction has been completed, Dalkia Canada Inc.
will be responsible for CHUM's maintenance over a 30-year period.
About Infrastructure Québec
Infrastructure Québec contributes, through its advice and expertise, to
the planning and carrying out of public infrastructure projects, while
taking part in the planning of infrastructure maintenance, to ensure
the sound management of public funds.
Irrespective of the selected delivery approach (traditional,
construction management, turnkey or public-private partnerships),
Infrastructure Québec contributes to the government's objective: obtain
quality infrastructure through optimal management of risks, costs and
scheduling. In conjunction with public organisations, Infrastructure
Québec contributes to the improvement of the quality of services
delivered to the public.
SOURCE: CENTRE HOSPITALIER DE L'UNIVERSITE DE MONTREAL
For further information:
Centre hospitalier de l'Université de Montréal (CHUM)
Telephone: 514 890-8000, ext. 15380
Pager: 514 860-7110
Communications and Public Affairs Manager
Collectif Santé Montréal (CSM)
Telephone: 514 394-1440, ext. 204
Telephone: 514 873-2356