Rouge Valley Health System Ajax and Pickering Hospital Phase I Redevelopment Project reaches financial close



    TORONTO, Oct. 4 /CNW/ - Infrastructure Ontario and the Rouge Valley
Health System announced that the hospital and Aecon Buildings have achieved
financial close, which signals that all contractual steps have been completed
for the Ajax and Pickering Hospital Phase I Redevelopment Project.
    The Rouge Valley Health System project will see the addition of more than
75,000 square feet of new construction and more than 65,000 square feet of
renovations.
    The project, led by Aecon Buildings, also includes financing arranged by
Stonebridge Financial Corporation.
    The deal commits Aecon Buildings to build and finance the hospital's
redevelopment project for $63,941,270 million, which will be paid only when
substantial performance is achieved. Approximately 75 workers will be on site
daily.
    The estimated total cost of the hospital's redevelopment project is
approximately $94 million. This includes the fixed construction contract with
Aecon Buildings as well as other ancillary costs.
    Construction will start in the next few weeks and is expected to be
completed in summer 2010.
    Infrastructure Ontario is working with the Rouge Valley Health System to
redevelop the Ajax and Pickering 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
    

    Rouge Valley Health System consists of several sites, including two
hospitals: Rouge Valley Centenary, in east Scarborough; Rouge Valley Ajax and
Pickering, in west Durham Region. Together a team of doctors including 224
general practitioners and 325 specialists, more than 1,000 nurses and many
other professionals, care for a broad spectrum of health conditions.
    The Rouge Valley Health System serves the healthcare needs of some
529,000 residents in the Ontario communities of east Toronto (Scarborough),
Ajax, Pickering, Whitby, Durham Region and more.

    Rouge Valley Health System Redevelopment Project

    The Phase One redevelopment of the Rouge Valley Health System's Ajax
Pickering Hospital renews the main hospital with more than 65,000 square feet
of renovations and more than 75,000 square feet of building expansion.

    
    New and expanded services include:

    -   A new Emergency Department with capacity for 60,000 patient visits
        per year.
    -   Nine more beds in the adult inpatient area of mental health
    -   An ambulatory care unit for outpatient clinic visits, a fracture
        clinic, outpatient procedures, medical day care and pre-admit visits
    -   A Complex Continuing Care Unit with a capacity for 30 beds for
        patients who are transitioning from acute care to long-term care or
        to their home.
    -   Redesigned space for the Diagnostic Imaging and Cardiac Diagnostic
        areas
    

    The redevelopment project will enable the Ajax and Pickering hospital to
accommodate Durham Region's expanding population and deliver more effective
family centred care for a broad range of health conditions.
    Over the Rouge Valley's 2-1/2-year construction period, there will be an
average of 75 workers on site daily.

    Disponible en français





For further information:

For further information: Terence Foran, Infrastructure Ontario, (416)
325-2939; David Brazeau, Rouge Valley Health System, (416) 284-8131, Ext.
4010


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