New Oakville Hospital Construction Underway

Posted by on July 28, 2011

The New Oakville Hospital is being built

The investment required to realize this state of the art medical facility was over $500-million in recent debt financing overseen by the Hospital Infrastructure Partners which was formed to design, build, finance and maintain the new Oakville 1.8-million-square-foot hospital.

This public-private partnership means the $976-million construction phase can begin at the end of July, 2011. The total cost for this project should approach $1.5-billio with $200-million being contributed by the Town of Oakville which represents a higher than normal share paid by a city for such a project.

The first parts of the work to be completed include
• locating all utilities servicing the site;
• installation of sediment and erosion control fencing;
• digging of temporary storm water management ditches to manage water and increase rainwater retention
• top soil stripping and earth grading.

Some may argue that neighboring communities also should pitch in for a hospital of this size as it will be used by them as well.

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