Centre Hospitalier de l’Université de Montreal issue named Bond Deal of the Year 2011 by PFI Magazine

The Project Finance International magazine, a Thomson Reuters group publication, has named the proposed financing of the Centre Hospitalier de l’Université de Montréal (CHUM) as Bond Deal of the Year 2011 for the Americas region.

Funding for this hospital was organized through a C$1.37 billion bond issue (about €980 million) placed through the Royal Bank of Canada (RBC).

This was an emblematic operation in the Canadian market and the first concession project to receive more than C$1 billion in long-term financing on the signing of the contract.

OHL participates in this project with a 25% interest in the concession company and 50% in the construction, with a total budget of around €1.43 billion.

The future hospital, newly built with a total area of 332,652 square meters, is located on the heart of downtown Montreal and will replace the existing St-Luc Hospital.

The project consists of five buildings: the main one, which includes 772 single rooms, operating rooms, emergency department, sterilization center, radiology, radiotherapy and other functions, the outpatient building, which includes outpatient clinics and the power plant, the office building, the logistical support building, which also includes the central pharmacy and laboratories, and the auditorium, all surrounded by a public space and with underground parking.