$214 million Bluewater Health Project Reaches Financial Close

Using the Alternative Financing and Procurement model, Infrastructure Ontario, together with Bluewater Health and EllisDon Corporation and its partners achieved financial close on the Bluewater Health Capital Redevelopment Project in Sarnia, Ontario, on October 4, 2007. The $214-million project will expand and redevelop Bluewater Health's Norman Site, and includes the addition of 325,000 square feet of new space, an expanded emergency department and a consolidated maternal infant child program, which for the first time, will offer labour, birthing and paediatric services on one floor. The project will also provide the space for additional acute care beds. Construction has begun and is expected to be completed in 2011.

The building team, led by EllisDon, also includes financing arranged by Pacific & Western Bank of Canada with the assistance of the Gwich'in Tribal Council, an Aboriginal organization that represents the Gwich'in in the Mackenzie-Delta of the Northwest Territories.

Infrastructure Ontario, represented by in-house counsel Tariq Taherbhai, and Bluewater Health were supported by Dan Ford, Aleksandra Finelli and Jeff Heinbuch of Bennett Jones LLP.

Chris Bennett, Tim Murphy, Catherine Doyle, Puja Varma, Bruce McWilliam and Adam Maerov of McMillan Binch Mendelsohn LLP acted as transaction counsel to EllisDon, with Peter Schwartz of Harrison Pensa LLP acting as corporate counsel. Paul Harricks and Alan James of Gowling Lafleur Henderson LLP represented Fengate Capital Management, one of EllisDon's partners in the project.

Pacific & Western Bank of Canada was represented by Michael Lake, Don Bryant, David Arntfield and Becky Griffiths of McKenzie Lake Lawyers LLP, while the Gwich'in Tribal Council was represented by Geoff Wiest of Lawson Lundell LLP.