by Rebecca Walker — December 28, 2009—Carillion has won a major public private partnership project in the Canadian city of Toronto that will generate 157m over the next 30 years, says the company.
Carillion Health Solutions, a joint venture, has been selected to design, build, finance and maintain Phase 1b of the Centre for Addiction and Mental Health.
This phase of the redevelopment includes the demolition of the existing administration building and the construction of three buildings: the CAMH Gateway Building, the Intergenerational Wellness Centre and the Utilities and Parking Building.
Demolition will begin in early 2010 and completion of the new buildings is scheduled for 2012.
As well as arranging debt finance to meet the costs of construction, Carillion will invest 7m of equity in the project. Carillion will provide maintenance and life-cycle repair services over the 30-year concession.
Carillion plc is one of the U.K.’s leading support services and construction companies, employing around 50,000 people. For more information, see the Web site.
