On February 14, 2025, Plenary Americas LP, a leading public infrastructure developer, and PCL Investments Inc., a major construction and infrastructure investment company, completed the financial close for the Halifax Infirmary Expansion Project in Halifax, Nova Scotia. The consortium secured nearly C$1 billion in global bond issuances for the progressive design-build-finance-maintenance of a modern acute care tower. The project, valued at C$7.4 billion through 2061, includes 216 beds, 16 operating rooms, an intensive care unit, and a larger emergency department, significantly enhancing healthcare infrastructure in the region.
The Halifax Infirmary Expansion Project is a crucial development aimed at replacing aging facilities such as the Victoria General Hospital and Dickson Centre with state-of-the-art buildings and renovated program spaces. This project will enhance access to care, support clinical excellence, and meet the healthcare needs of future generations in Nova Scotia.
Fasken advised the lenders with a team led by Marc Lefler (Infrastructure and Projects) and Zackary Burashko (Infrastructure and Projects), and included Brian Kelsall (Infrastructure and Projects), Ella Plotkin (Infrastructure and Projects), Sean Morley (Infrastructure and Projects), Alison Marks (Mergers & Acquisitions) and Shazad Omarali (Infrastructure and Projects).
Jurisdiction
- Nova Scotia
