Surrey Outpatient Facility Project Reaches Financial Close

BCHS Healthcare (Surrey) Limited Partnership (BCHS) entered into a project agreement on August 28, 2008 with the Fraser Health Authority (FHA) and achieved financial close in respect of the Surrey Outpatient Facility project, a design, build, finance and maintain Public Private Partnership for a new outpatient accommodation facility to be located in Surrey, BC. The project agreement requires BCHS to design, build and finance the facility and provide facilities management services for a period of 30 years from service commencement.

The design-build obligations under the project agreement will be performed by a joint venture between Bouygues Building British Columbia Inc. and Bird Design-Build Limited.

Facilities management services will be provided by ETDE Facility Management HSO Ltd.

The $161 million financing for the project was provided by Dexia Crédit Local S.A., Depfa Bank plc and the Bank of Ireland.

FHA was represented by Bull, Housser & Tupper LLP with a team comprised of Greg Lewis, John Haythorne, Jay LeMoine, Matt Mulligan and James Wishart.

BCHS was represented by Allen & Overy LLP with a team comprised of David Slade, David Lee, Dorina Yessios, Daniel Cocker, Sonia McMillan and Erika Singer, and by McCarthy Tétrault LLP with a team comprised of Byran Gibson, Roger Taplin, Jill Pereira, Christopher McHardy, Xenia Kritsos and Jessica Beverley.

Bird Design-Build Limited was represented by Borden Ladner Gervais LLP with a team comprised of Douglas Sanders, Sean Muggah and Jennifer Archer.

The lenders were represented by Stikeman Elliott LLP with a team comprised of Michael Allen, Scott Perrin, Lewis Smith and Jamie Templeton.

Lawyer(s)

Matt Mulligan Sean A. Muggah Douglas R. Sanders James Wishart Jill R. Pereira James (Jay) J. LeMoine Byran Gibson Gregory D. Lewis Scott Perrin Christopher McHardy Roger R. Taplin Lewis T. Smith David Slade Xenia Kritsos John S. Haythorne Jessica Beverley Michael S. Allen Jennifer A. Archer