$1.34 billion

2012 Rank: 25

2011 Rank: 21

Sector: Health Care

Location: Montreal, Quebec

Owner: MUHC

Key Players:

Project/Construction Manager: SNC-Lavalin (project manager)

Engineer: Bouthillette, Parizeau et associés (mechanical, electrical design); SNC-Lavalin (primary engineer)

Architect: HDR, IBI Group, NFOE , Yelle Maillé

Contractor: SNC-Lavalin in partnership with Pomerleau and Verreault, a subsidiary of Dessau

Facility Manager: SNC-Lavalin O&M, in collaboration with Johnson Controls

DBFM Team: Groupe immobilier santé McGill (GISM)—SNC-Lavalin, Innisfree

Funding: P3 (DBFM)

Federal Canadian Foundation for Innovation: $250 million

Provincial $800 million

Bonds/Credit $764 million (McGill Health Infrastructure Group raised this amount through the sale of Senior Secured Bonds. SNC-Lavalin Inc. and InnisFree Secondary Fund LP committed to invest, directly or indirectly, an amount of $192 million in equity and subordinated debt). Credit facilities have also been obtained for the duration of the construction.

Philanthropy $300 million (MUHC fundraising campaign)

Financing: Scotia Capital was lead manager for the private placement of the long term bonds.

Description:

The MUHC’s new Glen Campus, under construction is targeting LEED Silver. It includes the Montreal Children’s Hospital, the Royal Victoria Hospital, the Montreal Chest Institute, the Research Institute of the MUHC, and a Cancer Centre. The Glen Campus is part of the MUHC’s $2.25-billion redevelopment, which also includes the Lachine and Mountain campuses. Lachine and Mountain will be built through public financing methods and are currently being planned. Completion is scheduled for 2014.

LEED Target: Silver