Bird Construction Inc. announces financial close of the Stanton Territorial Hospital renewal project for the government of the Northwest Territories

LISTING:TORONTO STOCK EXCHANGE
SYMBOL:BDT

TORONTO, Sept. 25, 2015 /CNW/ - Bird Construction Inc. announced today that the Boreal Health Partnership consortium has reached financial close of a contract to design, build, finance and maintain the Stanton Territorial Hospital Project located in Yellowknife, Northwest Territories.  Bird is the managing partner and has a 50% interest in the construction joint venture that will design and build the project. It also holds a 25% equity interest in the concession responsible for the design, construction, financing and maintenance of the project through Bird Capital, a wholly owned subsidiary.

The new hospital is located adjacent to the current facility.  It will include a floor area of over 280,000 sf and will offer outpatient and inpatient services including emergency, medical imaging, dialysis, obstetrics, pediatric, cardio and mental health departments as well as day procedure and surgery suites.   

"The Company is very excited to begin work on site" said Mr. Ian Boyd, President and CEO of Bird.  "The project presents a number of unique design and execution challenges.  By providing an entirely new facility, we can deliver the project faster and with minimal disruption to services.  As well, a ground-up design approach provides the maximum opportunity to create a facility which best meets the requirements of the residents of the Northwest Territories and the Kitikmeot Region of Nunavut."

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Bird Construction Inc.

I.J. Boyd, President & CEO or S.R. Entwistle, CFO, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: [phone] Fax: [phone]