North Island Hospitals Project

Rank 2021

NR

Image Credit: Island Health

Industry Sector: Health Care

Project Type: Health Care

Project Value: $606.2 million

Funding Source: P3

Provincial Funding: Province: $368.7 million; Comox-Strathcona Regional Hospital District: $237.5 million

Province: British Columbia

City / Region: Campbell River and Comox

Estimated End Date of Substantial Completion: 2017

Island Health (formerly known as the Vancouver Island Health Authority) is constructing two new hospitals: one 153-bed hospital in the Comox Valley, which will have a 182 per cent increase in space over St. Joseph’s General Hospital, and one 95-bed hospital in Campbell River, which will have a 116 per cent increase in space over the existing Campbell River Hospital.

Following financial close, both hospital projects officially broke ground in August 2014. Construction of both hospitals is well underway with completion scheduled for the end of April 2017. Patient move-in is slated for September 2017.

Project Owner: Island Health

Engineer: McElhanney (owner’s civil engineer); WSP (owner’s engineer, compliance engineer)

Project/Construction Manager: MMM Group (project management and engineering services)

P3 Team Members/Project Team: Tandem Health Partners— Balfour Beatty Capital, Graham, Connor Clark & Lunn GVest Traditional Infrastructure, Balfour Beatty with Farmer Construction, Stantec, Blue Cottage Consulting, Honeywell, and Balfour Beatty Communities

Other Key Players: Aon (risk/insurance advisor to private partner); BTY Group (ind. certifier); DIALOG (compliance consultant); Ernst & Young (advising gvt.); INTECH (insurance advisor); Mott MacDonald (lender’s technical advisor)

Financiers and Banks: National Bank Financial (financial advisor and co-lead underwriter); Connor, Clark & Lunn Infrastructure

Architect Names: WSP (compliance architects)

Legal: DLA Piper (Canada) (financial counsel); Borden Ladner Gervais LLP (legal advisor); Osler

2017 Rank: 73

2016 Rank: 76

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