CHUM (Centre hospitalier de l’université de Montréal) Redevelopment

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Image Credit: Dominique Lalonde - CHUM

Ranking for 2012: 10

Industry Sector: Public Building

Specific Sector: Health Care

Range: $1 billion - $5 billion

Project Value: $2,600,000,000

Provincial: $2.6 billion

Government Funds Involved: Collectif Santé Montréal raised $1.37 billion through the sale of secured bonds. This is the largest senior debt funding ever raised in Canada for a P3. The consortium’s proposed phasing is the key to this innovative approach and will permit delivery of a fully functioning hospital. Any private funding will be reimbursed by the government. The 2014-2024 Quebec Infrastructure Plan puts the full future cost of the CHUM redevelopment, including a final phase that involves a medical office tower and conference facility, at $3.63 billion.

Funding Source: P3

Location: Montreal, Quebec

Estimated End Date of Substantial Completion: 2020

LEED: Silver

A new hospital and research centre will replace the three facilities which currently make up the CHUM—the Hôtel- Dieu de Montréal, Hôpital Notre-Dame, and Hôpital Saint- Luc. Following years of delay, the project received its go-ahead in 2010. The Research Centre will be certified LEED Silver.

It is a significant economic development lever that will include a research centre (which opened fall 2013) and a new teaching hospital complex that will welcome its first patients in spring 2016. (The final of three phases, a medical office tower and conference facility, is scheduled for completion in spring 2020 and not included in the current cost.)

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