DBRS Suggests that MUHC Will be Delivered Late

The new McGill University Health Centre superhospital, a $1.34 billion hospital under construction in Montreal, will be delivered four months late. This is according to a July 6 report from credit rating company DBRS.

According to DBRS “the erosion in the schedule since the start of the project primarily reflects the later-than-expected delivery of the site, unfavourable geotechnical conditions, changes to integrate the Shriner’s Hospital and delays from MUHC in responding to ProjectCo’s design submissions and selecting certain equipment and their suppliers.

In 2012, the project ranked 25th on ReNew Canada’s Top 100 Projects report. Because the delay is mostly being attributed to the project proponents and future tenants and not the public-private partnership responsible for delivering the project, it remains unclear who would be responsible for any potential cost overruns on the project.

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