News

The BBPI-led consortium, Women’s College Partnership, has signed a contract to design, build, finance and maintain the Women's College Hospital redevelopment project in downtown Toronto. This will involve the construction of a new 630,000 square foot hospital on the current Grenville Street site. The redeveloped hospital will replace all existing buildings and consolidate most services into one location, enabling innovation in ambulatory models of care and enhancing the hospital’s stature as a leader in women’s health care, research and education.

This announcement signifies that all contractual steps have been completed and the project can move forward. Construction of the new building is expected to be underway in the autumn and completed in 2016. The construction project will provide a sizeable stimulus to the regional economy by directly and indirectly creating and supporting thousands of jobs. At the peak of construction, it is estimated that 300 workers will be on site daily. Labour will be drawn largely from the Greater Toronto area.

Highlights of Women’s College Hospital’s capital redevelopment project include:

• State-of-the-art ambulatory facility designed with specialized clinics and surgical suites that integrate prevention, disease management, treatment, research and education providing better patient flow, technology and an improved patient experience;
• Easily accessible hub of programs, clinics and services that enable teams of care providers to help prevent and manage patient’s diseases and conditions – based on how women lead their lives. This includes primary care, chronic disease management, surgical services, urgent care, gynaecology, diagnostics and mental health programmes, all delivered in a flexible patient-centred, ambulatory model;
• Improved access for medical and diagnostic imaging services in an ambulatory setting;
• Co-location of research, education and patient care spaces to create improved knowledge translation between researchers, educators and clinicians.

The new building will allow for an expansion of existing programs including two new operating rooms and will increase the size of the Urgent Care Centre and Clinical Decisions Unit. All the new buildings will be designed with environmentally responsible and sustainable features in order to achieve Leadership in Energy and Environmental Design (LEED) certification, which includes rigorous requirements for energy management and conservation.

BBPI already invests in a number of concession projects in the Canadian market. We finance and operate major highways and hospitals in Canada with a total volume of €2.5 billion and an equity investment of €122 million. BBPI's entire privately-financed portfolio now comprises 29 projects with a total investment volume of €7.6 billion and an associated equity commitment of €407 million.