Re Contract

RNS Number : 1533O

Carillion PLC

24 June 2010

 



24th June 2010

Carillion awarded £306m Public Private Partnership project for the Forensic Services and Coroner's Complex in Toronto

A Carillion Joint Venture, Carillion Secure Solutions, has been selected to design, build, finance and maintain Toronto's Forensic Services and Coroner's Complex (FSCC).

The FSCC will house Ontario's Centre of Forensic Sciences and its Office of the Chief Coroner in a single facility that will include forensic laboratories, offices, autopsy suites, and two courtrooms for coroner's inquests.  The 30-month construction period will begin on site in August 2010.

The project will be delivered using an Alternative Financing and Procurement model, which is similar to the UK's Public Private Partnership model.   As well as arranging debt finance to meet the costs of construction, Carillion will invest £11.8 million of equity in the project.

Carillion will also carry out the construction work and provide facility management and life-cycle repair services over the 30-year concession period that together are expected to generate £306 million of revenue for Carillion.  

Chief Executive John McDonough said: "We are delighted to have achieved financial close on this prestigious project, which further reinforces our leading position in the PPP market for social infrastructure in Canada, where we have established a very strong track record.  We look forward to working with Ontario's Ministry of Community Safety and Correctional Services and its stakeholders to provide Ontario with one of the most modern facilities of this kind in the world."

Carillion is one of the leading providers of privately financed social infrastructure facilities in Canada.  In addition to the FSCC project, Carillion is currently building and financing Toronto's Centre for Addiction and Mental Health, the Sault Area Hospital and the Royal Victoria Hospital in Barrie, having successfully delivered two of the first major Public Private Partnership hospitals in Canada - the new William Osler Hospital in Toronto and the Royal Ottawa Hospital.

For further information

John Denning Director Group Corporate Affairs                                           [phone]

Finsbury

James Murgatroyd                                                                                 [phone]

Gordon Simpson                                                           

Notes to Editors

Carillion is one of the UK's leading support services companies with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean.

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

This and other Carillion news releases can be found at: www.carillionplc.com

 

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