Carillion has won a £157 million Public Private Partnership contract with the Centre for Addiction and Mental Health in Toronto.
Joint venture Carillion Health Solutions will design, build, finance and maintain Phase 1b of the CAMH redevelopment over a 30 year period.
Work to be carried out includes the demolition of the existing administration building and the construction of three buildings: the CAMH Gateway Building, the Intergenerational Wellness Centre and the Utilities and Parking Building.
Demolition will begin in early 2010 and completion of the new buildings is scheduled for 2012.
The project will be delivered using an Alternative Financing and Procurement model, which is similar to the UK’s PPP model.
The deal will see Carillion arrange debt financing as well as investing £7 million of equity in the project.