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Centre hospitalier de l’Université de Montréal PDF
Detailed case study of the Centre hospitalier de l’Université de Montréal Project in Montréal, Québec, the 2012 CCPPP National Gold Award for Project Financing.
Three hospitals in downtown Montréal - the oldest in North America - will be replaced by CHUM, a new multi-building university hospital complex providing specialized care and acting as a tertiary referral centre for 1.7 million Quebecers. The principal 24-storey building will open in 2016. The $3.17 billion project, a partnership between Société en Commandite Santé Montréal Collectif and Infrastructure Québec, represents the largest senior debt funding amount of any Canadian P3 hospital transaction to date. The construction period required financing with an unusually long tenure, and the financing structure allows equity distributions during Phase 2 construction.
This 29-page case study provides details on the elements that made this project the 2012 Award Winner for Project Financing. Information on the project includes: quick facts, procurement process, structure of the agreement, financial arrangements, risk allocation, benefits, communications, labour, monitoring, innovative features, lessons learned, testimonials and partner contacts.
Published: 06/2013; 29 pages.
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