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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The public sponsors for the project are the Ministry of Health Services, the Vancouver Island Health Authority, and the Capital Regional Hospital District (CRHD)
Direct Cash Support: The CRHD is contributing $85.1 million CAD ($87.2175 million USD) to the project. This contribution will go towards project elements being delivered under both the PPP model and the traditional model. Primarily, this funding will be used as progress payments to the contractor during the design and construction phase of the project.
From Private Capital Markets Directly to Producers as Debt: DEPFA Bank plc and Dexia Credit Local provide the senior debt funding for the project. If the contractor refinances the initial senior debt amount, any gains will be shared on a 50-50 basis between the public and private sectors.
From Producers as Equity: Innisfree, Acciona Concessions and Lark Group are a part of the financing arm for the contractor and together provide equity finance for the project.