TORONTO – Harinder Takhar, Minister of Small Business and Entrepreneurship and Mississauga-Erindale MPP joined hospital officials, staff, community members and health care partners today to celebrate the official start of construction on The Credit Valley Hospital’s expansion and redevelopment project. Mississauga-Streetsville MPP Bob Delaney, Mississauga South MPP Charles Sousa, Mississauga East-Cooksville MPP Peter Fonseca and Mississauga-Brampton South MPP Amrit Mangat also took part in the event.
The expansion project will result in approximately 270,000 square feet of new construction and 70,000 square feet of renovations. It will provide enhanced hospital services including more beds (from 392 to 471) and double the number of labour and delivery rooms (from seven to 15) with additional room for growth.
Other improvements include expanding cancer treatment resources to include a new high-dose radiation therapy suite and additional surgical oncology, palliative and complex continuing care beds. Additionally, there will be more capacity for neonatal care, increased diagnostic services and support areas. An expanded laboratory - from approximately 15,000 square feet to 42,000 square feet - will provide more in-house support for diagnostics.
The building team, led by Bondfield Construction Company Limited, has begun construction, which is expected to be completed in spring 2011. At the peak of construction, there will be more than 150 workers on site daily. The project’s financing includes financial advisor National Bank Financial and financing arranged by Société Générale (Canada Branch). The cost of the contract with Bondfield Construction Company Limited is $162.8 million, to be paid by the hospital only after the project is completed.
“This is a significant project that will serve the needs of Peel Region’s growing population and also generate jobs,” said Minister Takhar. “We can be assured that residents in our region will have continued access high quality health care for many years to come.”
“Hospitals are one of the pillars of Ontario communities. With significant investments in health care, we now have more than 100 new and existing hospitals in various stages of expansion and upgrade across Ontario. This project will enhance the quality of life and the quality of care for families in Mississauga and the surrounding communities,” said George Smitherman, Minister of Energy and Infrastructure.
“This expansion is an essential part of the government’s commitment to renew hospitals,” said David Caplan, Minister of Health and Long-Term Care. “Such projects will help lower wait times and improve access to quality family health care for all. Once complete, area residents will be able to get the care they need, when they need it, close to home.”
“This project will allow our staff to continue to provide exceptional care to patients in an expanded state-of-the-art facility,” said hospital president and CEO Wayne Fyffe. “The agreement with our builder will ensure that our redevelopment meets the highest standards in the agreed timeframe and for a fixed price.”
Infrastructure Ontario and the Ministry of Health and Long-Term Care are working with The Credit Valley Hospital to redevelop and expand the hospital, which will remain publicly owned, publicly controlled and publicly accountable. Infrastructure Ontario is a Crown corporation dedicated to managing some of the province's larger and more complex infrastructure renewal projects – ensuring they are built on time and on budget.
This project is guided by principles outlined in the province’s Building a Better Tomorrow framework, which ensures public ownership of core assets such as hospitals, schools, and water and wastewater facilities.
Visit www.infrastructureontario.ca for more information.
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The Credit Valley Hospital
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