Carillion reaches close on £420m Canadian hospital

Carillion has reached financial close on a £420m deal to build a new hospital in Canada.

The Healthcare Infrastructure Company of Canada, the jv Carillion is part of, will finance, design, build, property manage, maintain and provide non-clinical services for the 608-bed William Osler Health centre in Brampton, Ontario. The construction value of the contract is £204m. Turnover from facilities management takes the project total to £420m.

The project was procured as an alternative financing partnership - similar to a PPP in the UK.

Carillion chief executive John McDonough said: "We are delighted to have reached financial close on Canada's first hospital to use alternative financing and our first of this kind outside the UK."