Calgary Health Region is moving forward with its plan to build the new southeast Calgary hospital and it will not be a P3. While official announcements wont be made until later this year, health region president Jack Davis confirmed that the region will go it alone.
Davis also told local media that a hospital is much more complex than an office building and that no one has more expertise than the government to do this particular project.
The decision comes as a surprise as a P3 hospital had long been on the table. Three companies had expressed interest in the bid. In fact, the region was expected to announce a successful bidder later this year.
Under the new arrangement, the province is expected to commit $500 million while another $500 million will be raised through an interest-bearing fixed-rate savings bond. The 350-bed hospital is expected to open in 2009.