Firm to build and maintain Vancouver facility in partnership with local contractors
Contracting giant Balfour Beatty has won a 拢196m job to design, build and manage a women鈥檚 and children鈥檚 hospital in Vancouver, Canada.
The firm will also finance the project and invest 拢9.2m (C$16.5m), 70% of the equity required, under a public-private partnership (PPP) contract.
The British Columbian Children鈥檚 and British Columbian Women鈥檚 Redevelopment Project will provide acute care facilities in Vancouver.
The construction phase of the 拢196m (C$350m) job is due to start in April 2014 and complete in June 2017. Construction will be delivered through a joint venture with Canadian contractor Ledcor Developments.
A separate Balfour Beatty joint venture with Canadian construction firm Black & McDonald Limited will then deliver facilities management for the next 30 years.
Andrew McNaughton, chief executive of Balfour Beatty (pictured), said the win demonstrated 鈥渙ur commitment to grow our business in key markets of which Canada is one area of focus鈥�.
He added: 鈥淯tilising our investment, construction and facilities management capability in North America, this is a great opportunity for the group as a whole.鈥�
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