News Releases
TSX: CUQ
EDMONTON, April 2 /CNW/ - The Churchill Corporation announces that the
ISL Health consortium, of which Stuart Olson Constructors Inc. is a member,
has been selected as the preferred proponent to work with Northern Health and
the British Columbia provincial government in negotiations as part of the next
steps needed toward building the new Fort St. John Hospital and Residential
Care Facility project.
ISL Health was selected as the company that the province will enter into
negotiations with to design, build, finance and maintain the new hospital
project, following an extensive evaluation of proposals received from the two
competing shortlisted teams. The next stage in the process is to conclude
negotiations with ISL Health, culminating in a project agreement by early
summer 2009. Details about the agreement and final project cost will be made
public after financial close.
"This is an exciting milestone in the history of healthcare in northeast
British Columbia," said Health Services Minister George Abbott. "Across the
province, we are investing in major capital projects to build new
infrastructure that meets demand for quality and sustainable health care
services."
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The Fort St. John Hospital project includes:
- A 55-bed hospital;
- A 123-bed residential care facility for seniors; and
- An integrated services building for centralized food, laundry and
material services.
>>
The new 15,000 square metre (161,000-square-foot hospital) will replace
the aging existing community hospital constructed in 1962. The new hospital
will increase the number of acute care beds from 42 to 55, including the
development of single-room maternity care. It will also feature two brand new
state-of-the-art operating rooms and an endoscopy suite. The hospital and
long-term care facility will be built on a 16 hectare (40-acre) site at 8407 -
112th Avenue in Fort St. John with land provided from the City of Fort St.
John. The new hospital and residential care facility will be designed to
achieve Leadership in Energy and Environmental Design (LEED) Gold
certification as part of the government's commitment to a greener and
sustainable future.
About The Churchill Corporation:
The Churchill Corporation provides building construction, industrial
construction and maintenance services throughout Western Canada. Churchill
common shares are listed on the Toronto Stock Exchange under the symbol "CUQ".
FORWARD LOOKING STATEMENTS
Certain statements in this Press Release may constitute "forward-looking
statements". Forward-looking statements include, without limitation,
statements regarding the future financial position, business strategy,
budgets, litigation, projected costs, capital expenditures, financial results,
taxes, plans and objectives of the Corporation. Many of these statements can
be identified by looking for words such as "believes," "expects," "may,"
"will," "intends," "anticipates," "estimates," "continues," or the negative
thereof, or other variations thereon. Although management of Churchill
believes its expectations regarding future performance of the Corporation are
based on reasonable assumptions and currently available competitive, financial
and economic data, market conditions and operating plans, it can give no
assurance its expectations will be achieved. The Corporation cautions that, by
their nature, forward-looking statements, involve risks, and uncertainties and
that its actual actions, and/or results could differ materially from those
expressed or implied in such forward-looking statements, and that the
aforementioned risks, uncertainties and actions could affect the extent to
which a particular projection materializes. The Corporation assumes no
obligation to update the forward-looking statements should circumstances or
the Corporation's management's estimates or opinions change.
