Financial close for US$325 million hospital P3 in Toronto

Financial close for US$325 million hospital P3 in Toronto

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EllisDon Infrastructure Healthcare MGH Inc. has announced that it has achieved financial close of a P3 project concerning the rehabilitation of Michael Garron Hospital, located in eastern Toronto, Canada. Formerly Toronto East General Hospital, this is the hospital’s first major renewal since it opened in 1929.

As reported on this platform, EllisDon Infrastructure was awarded the contract to design, build, and finance the hospital’s redevelopment by Infrastructure Ontario and Michael Garron Hospital in January 2018.

The project will involve the construction of a new eight-story patient care tower and three-story connection, as well as demolition of some existing space and renovations to the existing hospital. In total, approximately 550,000 square feet will be redeveloped, and 100,000 square feet of existing hospital areas will undergo renovations. The total value of project is CAD411 million (US$326.7 million).

It has been in development since 2015, with a planning, design and compliance team being established in February. Infrastructure Ontario launched the RFQ for the project in July 2016. EllisDon Infrastructure led one of three teams shortlisted in November. The RFP was issued in February 2017, closing in August.

The project will improve the delivery of efficient, accessible, and high-quality patient care, while replacing some of the hospital’s oldest spaces. It is expected to achieve a Leadership in Energy and Environmental Design (LEED®) Silver certification for design excellence and sustainability.

Construction will begin immediately and substantial completion is slated for September 2023.

This project adds to EllisDon's growing portfolio of hospital P3s in Canada. At the end of January, Infrastructure Ontario awarded the company the contract to redevelop Brockville General Hospital. EllisDon will build and finance a four-storey addition of approximately 170,000 square feet and approximately 20,000 square feet of renovations to the main Charles Street site of the hospital, located in Kingston.

Additionally, in October 2017 the company was shortlisted to deliver a new nine-storey patient care tower at Royal Inland Hospital in British Columbia.

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