Press Release

PRESS RELEASE - VANCOUVER, BC - The Ledcor Group confirmed, with joint venture partner Balfour Beatty and through Affinity Partnerships, that they have finalized negotiations with the Provincial Health Services Authority (PHSA) and signed a definitive agreement to construct and operate the new Teck Acute Care Centre (ACC) at the BC Children’s and BC Women’s Hospital + Health Centre. 

“We are extremely pleased to join with Affinity Partnerships in committing to build the new Teck Acute Care Centre and operate it for the next 30 years,” said Scott Lyons, President, Ledcor Special Projects.  “BC Children’s is known the world over as a leader in children’s healthcare and its redevelopment is an exciting project for Ledcor, for Vancouver and for British Columbia.” 

As part of the Affinity Partnerships consortium, Ledcor Developments will invest 30% or $6.6 million of the $21.8 million equity into the project, with Balfour Beatty investing the remaining equity. 

The private public partnership (PPP or P3) project scope covers the design, construction, financing and facilities management.  Design-build construction services will be delivered through a 50:50 partnership between Ledcor and Balfour Beatty. 

Construction of the new Teck Acute Care Centre building is expected to get underway in the fall of 2014, with service commencement scheduled for 2017. 
  
About Teck Acute Care Centre 

The Teck Acute Care Centre will be an eight-storey, approximately 640,000 square foot (59,400 square metres) building.  

The new building will include medical/surgical inpatient units, an emergency department, medical imaging and procedural suites, hematology/oncology department and pediatric intensive care for BC Children’s.  It also includes high-risk birthing unit and a new neonatal intensive care unit for BC Women’s.  
The facility will be designed to Leadership in Energy and Environmental Design (LEED) Gold standard. 

For more information on the BC Children’s and Women’s Hospital Redevelopment project, please visit: 

 www.newcw.phsa.ca 

About BC Children’s and BC Women’s 

BC Children's provides care for the most seriously ill or injured children and youth from across British Columbia.  BC Children's is also the province's leading teaching and research facility for child health. 

BC Women’s Hospital + Health Centre is the only facility in British Columbia devoted primarily to the health of women, newborns and families, and is one of Canada's largest and busiest maternity hospitals. 

www.bcchildrens.ca 
www.bcwomens.ca 

About Balfour Beatty 

Balfour Beatty is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance. 

Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK, the US, Southeast Asia and the Middle East.  We continue to develop our business in key growth markets in South Africa, Australia, Canada, Brazil and India. 
With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors include transportation (roads, rail and aviation), power and energy, mining, water and social infrastructure such as hospitals and schools. 

www.balfourbeatty.co