Construction News

Thu March 28 2024

Related Information

Balfour Beatty lands £196m Canadian hospital deal

13 Jan 14 Balfour Beatty has been appointed preferred bidder for a £196m hospital project in Vancouver, Canada.

The scope of the public-private partnership project for British Columbia’s Provincial Health Services Authority covers the design, construction, financing and facilities management for a new children’s and women’s acute-care centre. Construction is expected to begin in April and the new facility will be completed in June 2017.

Balfour Beatty will invest £9.2m into the project, which represents 70% of the equity required. Balfour Beatty Investments and Ledcor Developments will finance the project and construction services will be delivered through a 50:50 joint venture between Balfour Beatty Construction and Ledcor Design Build. In addition, Balfour Beatty Communities and Black & McDonald Limited will participate in a 50:50 joint venture to deliver facilities management services over the 30-year concession period.

Balfour Beatty CEO Andrew McNaughton said: “This project represents a significant win for Balfour Beatty and a demonstration of our commitment to grow our business in key markets of which Canada is one area of focus.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »