Fort St. John Hospital Project Reaches Financial Close

ISL Health (FSJ) General Partnership (ISL), a partnership between Innisfree ISL Health (FSJ) Gpco Ltd. and Acciona FSJ GP Ltd., entered into a project agreement on July 16, 2009, with the Northern Health Authority (NHA) and achieved financial close with respect to the Fort St. John Hospital and Residential Care project: a design, build, finance and operate Public Private Partnership for a new regional hospital and residential care facility to be located in Fort St. John, BC.

The project agreement requires ISL to design, build and finance the facilities and provide facilities management services for a period of 30 years from service commencement. The facilities are scheduled to open in spring 2012, and are expected to cost $297.9 million.

The design-build obligations under the project agreement will be performed by a joint venture between Acciona Infrastructures Canada Inc. and Stuart Olson Constructors Inc. Facilities management services will be provided by a wholly owned subsidiary of Angus Consulting Management Limited.

ISL was represented by Fraser Milner Casgrain LLP with a team comprised of Colin McIver, Ron Stuber, Sarah Sidhu, Jennifer Dezell, Marie-Claire Dy and Kristina Trevors in Vancouver, and by special counsel Douglas Younger and Heidi Visser of Aird & Berlis LLP.

The Authority was represented by David Little, Ann Madden, Mark Gustafson, Carmine Boskovich and Andrew Jackson of Fasken Martineau DuMoulin LLP in respect of the project agreement and land rezoning, subdivision and acquisition.

The Province was represented by Herbert Dodd, QC, of Farris, Vaughan, Wills & Murphy LLP with regards to the provincial funding, and Homi Bindra, Michael Shepherd and William Pike, of the Province's Legal Services Branch, with regards to the provincial guarantee.

The City of Fort St. John was represented by Brian Ross of Fulton & Company LLP with regard to land sale, rezoning and subdivision.

The design-build joint venture was represented by Douglas Sanders, Sean Muggah and James Heth of Borden Ladner Gervais LLP. Bob Jenkins, QC, and Rachel Mockler of Jenkins Marzban Logan LLP represented Stuart Olson.

Angus Consulting Management and its wholly owned subsidiary were represented by Robert Cranston and Karl Gustafson, QC, of Lang Michener LLP.