| New Headquarters for Ottawa Paramedic Services Underway Through Public-Private Partnership with Forum Leasehold Partners and the City of Ottawa
November 30, 2004 Toronto - Forum Leasehold Partners Inc. (‘Forum’) today announced that it has broken ground on the headquarters building for Ottawa Paramedic Services, and is responsible for the design-build-lease and operation of it through its Public-Private Partnership (P3) with the City of Ottawa (‘The City’). Construction on the 100,000 square foot, purpose-built facility has begun and is scheduled for completion in December 2005. The project, valued at approximately $20,000,000, will be located at 2465 Don Reid Drive in Ottawa. The City’s lease arrangement with Forum extends 30 years. The City of Ottawa began the selection process of a private sector partner in July 2003 when it issued a Request for Expressions of Interest followed by a Request for Proposal (RFP) in September 2003. Forum submitted a joint proposal with Aecon-Westeinde Alliance Inc. and Trammell Crow Company Canada. The City selected Forum’s RFP in January 2004. Aecon-Westeinde Alliance Inc. will be responsible for the design and construction process while Trammell Crow Company Canada will serve as property manager. “We are proud to participate in this exciting partnership, which will result in an outstanding facility for Ottawa Paramedic Services and ultimately Ottawa residents,” said Richard Abboud, president, Forum. “Throughout this process, the City of Ottawa has been a proactive and highly committed partner. Moving forward, we are optimistic about a growing number of P3 opportunities as the public sector continues to implement alternative capital utilization strategies.” “Our public-private partnership with Forum for the design, construction, financing, and operations of our new 100,000 sq. ft. paramedic service headquarters marks our fifth P3 at the City of Ottawa,” said Rejean Chartrand, director of the Strategic Delivery Unit, the City of Ottawa. “Forum has been an excellent partner to work with and has provided us with very competitive long term financing. We look forward to a productive and successful 30 year partnership with Forum.” About Forum About Aecon/Westeinde Aecon Group Inc. (TSX: ARE) is Canada’s largest publicly traded construction and infrastructure development company. With almost a century of experience, Aecon provides design, build, operate, finance, procurement and development services to the public and private sectors. Aecon's global capabilities bring bold and innovative solutions to some of the world's most complex projects through a unique approach to partnering. By encouraging innovation and through leadership, the Aecon team continues to build things that matter. Further information is available at www.aecon.com. About Trammell Crow Company |
