Value for Money Report Released
TORONTO, Nov. 7 /CNW/ - Minister of Public Infrastructure Renewal David
Caplan and Deputy Premier and Minister of Health and Long-Term Care George
Smitherman joined hospital officials, community members and health care
partners today to celebrate the official start of construction of the new
Runnymede Healthcare Centre. The new hospital will replace the older facility
and will be built on the existing Runnymede Healthcare Centre site.
"I am pleased to see construction underway on Runnymede Healthcare
Centre's new facility," said Caplan. "This project demonstrates our
government's commitment to provide resources and facilities to serve the
health care needs of people across Ontario."
"Today is an exciting day as we move forward with building a brand new
hospital here at Runnymede Healthcare Centre," said Smitherman "Local
residents will soon benefit from the expanded services and modern facilities
this new hospital has to offer."
Construction of the new Runnymede Healthcare Centre is expected to be
completed in summer 2010.
Once completed, the state-of-the-art hospital will provide complex
continuing care to adults of all ages and more than double the number of beds
from 95 to 200, reducing wait times for clinical and medical services.
Enhanced services will include a full range of therapeutic services such as
physiotherapy, occupational therapy, communication and swallowing therapy,
audiology services, respiratory therapy, customized dietary programs,
recreation therapy and social services.
The building team, led by Bondfield Construction Company Ltd., includes
financing by the Ontario Teachers' Pension Plan, which was arranged by
National Bank Financial. The deal commits Bondfield to build and finance the
hospital's redevelopment project for $63 million, which will be paid only when
construction is completed.
KPMG LLP completed a value for money (VFM) assessment and projected an
estimated $10.8 million in savings compared to the estimated cost using a
traditional procurement model.
The VFM report is available on Infrastructure Ontario's website along
with the project agreement. The VFM report provides a summary of the project
costs, including the cost of the contract with Bondfield Construction Company
Limited, transaction costs and other ancillary costs.
"This project will allow our staff to provide the specialty care our
patients require within a state-of-the-art facility," said Connie Dejak,
President & Chief Executive Officer, Runnymede Healthcare Centre. "The
agreement with the builder will ensure that our hospital redevelopment
reflects the highest standards in the agreed timeframe for a fixed price."
Infrastructure Ontario is working with the Runnymede Healthcare Centre to
build the replacement hospital, which will remain publicly owned, publicly
controlled and publicly accountable. Infrastructure Ontario is a Crown
corporation dedicated to managing some of the province's larger and more
complex infrastructure renewal projects - ensuring they are built on time and
This project is guided by principles outlined in the province's Building
a Better Tomorrow framework, which ensures public ownership of core assets
such as hospitals, schools, and water and wastewater facilities.
Visit www.infrastructureontario.ca for more information.
Disponible en français
For further information:
For further information: Amy Tang, Minister's Office, Public
Infrastructure Renewal, (416) 325-4048; Jennifer Sclisizzi, Infrastructure
Ontario, (416) 325-7409; Connie Dejak, Runnymede Healthcare Centre, (416)
762-7316, Ext. 220