Infrastructure Ontario and Halton Healthcare Services announced Hospital Infrastructure Partners has signed a fixed-price contract to design, build, finance and maintain the new replacement Oakville Hospital.
The announcement signifies that all contractual steps have been completed and construction will start in August 2011, beginning with work on site services. The project is expected to be completed by summer 2015.
The hospital project is a significant economic opportunity for suppliers and contractors in Halton Region and the Greater Toronto Area. At the peak of construction, Hospital Infrastructure Partners estimates more than 1,100 workers on site daily.
The New Oakville Hospital will be a state-of-the-art facility designed and built with a goal of achieving LEED Silver certification, and with a full range of health services including:
- complex continuing care;
- rehabilitation;
- renal dialysis;
- acute inpatient care;
- maternal child care;
- inpatient and outpatient adult and child and adolescent mental health;
- secondary and tertiary level programs.
The value of the contract with Hospital Infrastructure Partners in today’s dollars is approximately $2 billion. Over the 30-year life of the contract, when adjustments for anticipated inflation are made, the contract value is $2.7 billion (nominal). The contract cost covers the design and construction of the facility, building maintenance, life-cycle repair and renewal, as well as project financing.
Infrastructure Ontario and the Ministry of Health and Long-Term Care are working with Halton Healthcare Services to develop the new replacement hospital, which will remain publicly owned and publicly controlled.