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| Balfour Beatty named selected bidder for hospital project in Vancouver, Canada British infrastructure group Balfour Beatty announces today that its joint venture has been named selected bidder for two new acute care hospitals in Vancouver, British Columbia, Canada, the company's second major healthcare development in the region this year. The 30 year PPP project on behalf of the Vancouver Island Health Authority will cover the financing, design, construction, and facilities management for the Campbell River Hospital and Comox Valley Hospital. These new world class acute care centres will help meet the growing and changing healthcare needs of the North Island communities. Balfour Beatty is expected to invest C$17.2 million (£9.3 million) into the project, which represents 50% of the equity required. Its joint venture partner Graham Group Ltd will undertake the construction and Balfour Beatty will be responsible for the delivery of soft facilities management services. The joint venture is currently working with the Vancouver Island Health Authority to finalise financing and other aspects of the project. In April 2014, Balfour Beatty announced that as part of the Affinity Partnerships consortium Balfour Beatty Investments had reached financial close on the C$350 million (£196 million) BC Children's & BC Women's Redevelopment Project (Phase 2) in British Columbia, Canada and would be providing finance, construction and facilities management services. write your comments about the article :: © 2014 Construction News :: home page |