Plenary team frontrunner for $1bn Melbourne cancer centre

The Australian state of Victoria is days away from formalising a decision on the contract for the Victorian Comprehensive Cancer Centre, with a Plenary-led consortium poised to win the deal.

A consortium dubbed Plenary Health – which includes the Plenary Group, a player in infrastructure public private partnerships (PPPs) across Australia and Canada – was chosen as top bidder for a major health care contract in the city of Melbourne, Australia.

The team, which also includes the Grocon/PCL Joint Venture and Honeywell, is in the final contract negotiation stages with the Victorian Coalition Government for the mandate to construct the $1 billion Victorian Comprehensive Cancer Centre (VCCC). The state of Victoria is expected to contribute some $436 million for the PPP, according to media reports.

The consortium players have distinct roles, with Plenary Group taking the position of equity investor and sponsor. The finance team also extends to a group of about nine banks that will participate in funding the project.  Grocon/PCL is slated as the builder of the facility and Honeywell’s part is to maintain operations at the cancer centre.  The coalition government expects to reach a formal decision in the coming days in anticipation of producing a signed contract later this month.

Cancer claims the lives of more Victoria residents than any other calamity. VCCC is a reconstruction of the Peter MacCallum Cancer Centre and will partner with a host of area cancer hospitals to strengthen the scope of services that patients can access.  Some 1,200 researchers will be housed at the facility, bolstering the centre's influence for patient treatment and cancer studies.