FTSE 250-listed construction group Balfour Beatty said yesterday that it has been named as preferred bidder to build a C$350m (£196m) children’s and women’s hospital project in Canada.
The Provincial Health Services Authority in British Columbia has commissioned the project, which covers the design, construction, financing and facilities management of a new children’s and women’s acute care centre in Vancouver.
Balfour Beatty will invest C$16.5m, representing 70 per cent of the equity required, with Ledcor Developments providing the rest.
Construction services will be a joint venture between Balfour Beatty’s construction unit and Ledcor Design Build.
Balfour Beatty Communities and Black & McDonald will deliver facilities management services over a 30-year period.
Construction is expected to start in April and will be completed in June 2017.
“This project represents a significant win for Balfour Beatty and a demonstration of our commitment to grow our business in key markets of which Canada is one area of focus,” said Andrew McNaughton, chief executive of Balfour Beatty.
“Utilising our investment, construction and facilities management capability in North America, this is a great opportunity for the group as a whole.”