Project Information
Project name: Canada: CAMH Phase 1C redevelopment P3
Project description:

Plenary Health CAMH has reached financial close on the contract to design, build, finance and maintain the CAMH Phase 1C redevelopment project, valued at approximately $685m. 

The Plenary Health CAMH team, which was named preferred bidder in January, includes:

Developer: Plenary Group (80%) and PCL Investments (20%)

Design-Builder: PCL Constructors 

Architect: Stantec Architecture 

Financial Advisor: Plenary Group

Facility Manager: ENGIE Services

Legal Advisor: Davies

TD Bank and ATB Financial are the bank lenders with a three-year term. Manulife and Sun Life purchased bonds (33 years) from TD Securities. Fasken Martineau advised the lenders. 

The project will result in the construction of approximately 655,000 sq ft of new build space with 235 in-patient beds. Construction will begin in fall 2017 with an expected substantial completion date of spring 2020. 

Related Headlines

2 March 2017 - FC for Toronto health project 

25 January 2017 - Winner for Toronto health project 

8 September 2016  - Two bid for Ontario hospital

6 August 2015 - Three shortlisted for Ontario hospital 

13 March 2015 - Ontario health P3 tendered 

 

Type: PPP
Sector: Health
Region: Canada
Current status: Project Signed - 21/03/2017
Contract Terms
Capital value: $685.00m
Public Sector Procuror Details
Authority/Commssioning body: Infrastructure Ontario
CAMH
Public sector contact: Adam Cotter
Infrastructure Ontario
416-212-0637

Sean O'Malley
Centre for Addiction and Mental Health
416-595-6015
Private Sector Details
Consortium name: Plenary Health CAMH
Private sector shareholders: PCL Constructors - Shareholders
Plenary Group - Shareholders
Private sector sub-contractors: PCL Constructors - Subcontractor - Construction
Stantec - Architects
ENGIE Services - Subcontractor - Other
Private sector advisors: Plenary Group - Financial Advisors
Davies Ward Phillips & Vineberg - Legal Advisors
Fasken Martineau - Legal Advisors
Private sector debt-providers: TD Bank - Debt Providers
ATB Financial - Debt Providers
Private Sector Shortlist
Consortium name: EllisDon Infrastructure Healthcare
Private sector shareholders: EllisDon Inc. - Shareholders

This page was last updated on:
21 March 2017.

thumb

Ups and downs

The LatAm region is still battling hard to develop its P3 pipelines, despite ongoing issues in some key countries

thumb

Blazing a Trail

Plenary Concessions executive chairman Dale Bonner gives Dan Colombini his views on the ever-changing US P3 landscape

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...