Construction broke ground on Wednesday for the Mackenzie Vaughan Hospital in Ontario after a Plenary Group consortium reached financial close for the C$1.3 billion ($970 million; €890 million) project last week.
Plenary Health, a division of the Sydney-based developer, is leading the project to design, build finance and maintain the first hospital built in the York region north of Toronto in 30 years. Financial close was reached on 21 October, and construction is expected to finish in 2020.
Infrastructure Ontario, a government procurement agency, and Mackenzie Health named the Plenary consortium as preferred developer in August, more than a year after issuing a request for proposals.
The consortium includes Plenary Group as the lead developer and an equity provider, along with PCL Investments Canada. PCL’s subsidiary, PCL Constructors, will handle construction, Stantec Architecture will design the hospital, and Johnson Controls will provide facilities management.
The new hospital will include an emergency department, surgical services and operating rooms, advanced diagnostic imaging, specialised ambulatory clinics and intensive care beds and acute-care patient rooms for infection prevention and control.
The Mackenzie Vaughan Hospital groundbreaking comes three weeks after Plenary announced Brian Budden would take over as its new North American group president. Two months ago, in August, Canadian pension fund La Caisse de dépôt et placement du Québec purchased a 20 percent stake in Plenary.