Hamilton General Hospital project reaches financial close



    TORONTO, Nov. 1 /CNW/ - Infrastructure Ontario and Hamilton Health
Sciences announced that EllisDon Corporation have achieved financial close,
which signals that all contractual steps have been completed for Hamilton
General Hospital's redevelopment project.
    The redevelopment project at Hamilton General Hospital will consolidate
the current Acquired Brain Injury and Rehabilitation services from 14
different buildings to one site. The new regional rehabilitation centre will
have space for an additional 44 beds and more efficient ambulatory programs.
    The new, three-storey, 100,000 square-foot building will be constructed
to accommodate all ambulatory and outreach services, a therapy pool on the
ground floor and 91 inpatient beds on the two floors above.
    The building team, led by EllisDon Corporation, includes financing
arranged by CIBC and Pacific & Western Bank of Canada.
    The deal commits EllisDon Corporation to build and finance the hospital
expansion and redevelopment project for $44.9 million, which will be paid only
when construction is completed. At the peak of construction, there will be
more than 130 workers on site daily.
    The estimated total cost of the hospital's redevelopment project is
$60.3 million. This includes the fixed construction contract with EllisDon
Corporation as well as other estimated costs related to the project such as
furniture, equipment, permits, architectural and engineering fees,
transactional and project management fees. It does not include the cost of
site preparation work completed by the hospital.
    EllisDon Corporation will begin to mobilize for construction today and
construction is expected to be completed in spring 2009.
    Infrastructure Ontario and the Ministry of Health and Long-Term Care are
working with Hamilton Health Sciences to redevelop the Hamilton General
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 on budget.
    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.


    
                                 Backgrounder
    

    Hamilton Health Sciences is comprised of five hospitals and a cancer
centre and employs more than 10,000 people in the Hamilton region.

    Hamilton General Hospital

    Founded in 1848 as the first hospital in the City of Hamilton, Hamilton
General Hospital has grown to become a leading tertiary health care centre
serving people from Burlington to Brantford and from Niagara Falls to Guelph.
The General is recognized as a regional centre of excellence in
cardiovascular, stroke care, neurosciences and trauma and incorporates one of
the province's few burn treatment centres.
    Redevelopment of the Hamilton General Hospital will include the
consolidation of its current Acquired Brain Injury and Rehabilitation services
from 14 different buildings to one site, providing an additional 44 beds and
more efficient ambulatory programs.
    A new three-storey 100,000 square foot building will accommodate all
ambulatory and outreach services, including a therapy pool on the ground floor
and 91 inpatient beds on the two floors above. The new building includes a
bridge connection to the main hospital building and significant landscaping
for external therapy space on each level.

    Disponible en français





For further information:

For further information: Terence Foran, Infrastructure Ontario, (416)
325-2939; Jennifer Kramer, Hamilton Health Sciences, (905) 521-2100, Ext.
76088


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