Royal Victoria Hospital Phase 1 Expansion Project reaches financial close



    BARRIE, ON, Feb. 20 /CNW/ - Royal Victoria Hospital and Infrastructure
Ontario announced today that financial close has been achieved with Vanbots, a
Division of Carillion Construction Inc., for the hospital's Phase I Expansion
Project, which includes the addition of the Simcoe Muskoka Regional Cancer
Centre. Financial close signals that all contractual steps have been completed
and construction can begin. Vanbots will begin mobilizing equipment on site
over the next few weeks, with an official groundbreaking ceremony to follow
shortly after.
    The project will improve access to much needed services in the community.
More residents will be treated closer to home with Simcoe Muskoka Region
Regional Cancer Centre, more capacity and services in the Emergency and
Diagnostic Imaging Departments, and a dedicated Coronary Care Unit.
    Vanbots signed a contract with the hospital to build and finance the
redevelopment project for $258.5 million. The contract guarantees a fixed
price and fixed completion date. During the construction period (from 2009 to
2013), the project will support project-related jobs in Barrie and the
surrounding area and boost the local and Ontario economies. At the peak of
construction, more than 200 workers will be on site daily.
    "This is the largest reinvestment in health-care facilities in more than
a generation in Ontario," said George Smitherman, Deputy Premier and Minister
of Energy and Infrastructure. "Our government has committed to a five-year,
$30-billion infrastructure renewal program across all sectors in Ontario."
    "This significant expansion of Royal Victoria Hospital will be critical
in supplying quality health care to the rapidly growing city of Barrie and the
region," said Barrie MPP Aileen Carroll.
    "This project will nearly double the size of our existing hospital and
allow us to better meet the needs of our exploding population," said Janice
Skot, President and CEO of Royal Victoria Hospital. "By adding a regional
cancer centre to Royal Victoria Hospital, we're bringing care closer to home
for patients across our region."
    The project team, led by Vanbots, includes financing arranged by Banco
Espirito Santo de Investimento SA; National Australia Bank Limited;
Norddeutsche Landesbank Gironzentrale; Bank of Montreal; CIT Financial Ltd.;
National Bank of Canada Inc.; and Toronto Dominion Bank.
    National Bank Financial served as financial advisor, and CIT Financial
Limited acts as Administrative Agent to the banks.
    Construction of the new addition and cancer centre is expected to be
completed in fall 2011, with the significant renovations to the existing
hospital completed by spring 2013.

    Infrastructure Ontario and the Ministry of Health and Long-Term Care are
working with Royal Victoria Hospital to redevelop the 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.
    Visit www.infrastructureontario.ca for more information.

    Disponible en français


    Backgrounder

    Founded in 1891 as the Barrie General Hospital, Royal Victoria Hospital
(RVH) has grown to become the largest hospital in Simcoe County. It serves a
huge geographical area that includes, not just Simcoe County, but Muskoka and
Parry Sound. While the programs and services offered by RVH are vast, it
specializes in cancer care, surgical services - particularly orthopedic
surgery including Simcoe County's Arthroplasty Intake Clinic for Total Joint
Disease - and mental health services. RVH is also the site of the region's
Enhanced District Stroke Centre.
    Royal Victoria Hospital has a team of more than 200 physicians and 2,100
staff members, and benefits from the outstanding support of 1,100 volunteers.
The current site on Georgian Drive was opened in 1997, housing just fewer than
300 beds.
    Royal Victoria Hospital's Phase 1 Expansion Project will double the size
of the existing facility and will include the addition of the Simcoe Muskoka
Regional Cancer Centre. This new cancer centre will provide comprehensive care
to more than 2,000 newly diagnosed cancer patients throughout Simcoe County
and the District of Muskoka.
    The project will help the hospital to ensure timely access to services
and to meet the needs of a growing population. It will provide:

    
    -   the Simcoe Muskoka Regional Cancer Centre, which will log more than
        60,000 patient visits in its first year
    -   capacity for 101 additional inpatient beds
    -   an Emergency Department that will triple in size and have a trauma
        unit, isolation ward and mental health crisis team
    -   an expanded laboratory
    -   a Diagnostic Imaging Department that will double in size to increase
        patient flow and privacy
    -   two additional operating rooms that are larger than existing suites
        for complex surgeries
    -   a dedicated seven-bed Coronary Care Unit for critically ill cardiac
        patients
    -   expansion space for two future patient care units.
    





For further information:

For further information: Amy Tang, Minister's Office, Energy and
Infrastructure, (416) 327-6747; Jennifer Sclisizzi, Infrastructure Ontario,
(416) 325-7409; Jane Cocking, Royal Victoria Hospital, (705) 728-9090 ext.
41611


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