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Quebec P3 Wins International PFI Award

By ReNew Canada 03:23PM February 02, 2011

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Thomson Reuters awarded its 2010 PFI Award for public-private partnership (P3) Deal of the Year (Americas) to the McGill University Health Centre (MUHC), Groupe immobilier santé McGill, and Infrastructure Québec for the financing of the new MUHC Glen Campus project. The prize was awarded at the PFI Awards Dinner held on January 26 in London, United Kingdom.

This is the largest greenfield hospital project in Canada and the top P3 project on ReNew Canada’s Top 100 report (look for more details about financing on the Top 100 projects in our whitepaper, due out in spring 2011).

Gilles Laramée, executive VP and CFO, SNC-Lavalin Group, said in a release, “The award is in recognition of the innovative financing put in place by Groupe immobilier santé McGill, composed of SNC-Lavalin and Innisfree, as part of the overall project mandate. The novel aspect of this financing is the massive contribution from the bond portion in combination with the bank portion.”

Laramée also said the award shows that SNC-LAvalin and its partners were able to structure financing that is adapted to changed market conditions.

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