| New Windsor Jail to cost $336 million
April 12, 2011 Contract covers repairs for 30 years The Windsor Star WINDSOR, Ont. -- The province announced Monday that Windsor’s new jail will cost $336 million to build and maintain, under a 30-year contract negotiated with Forum Social Infrastructure. The contract with a team of companies under Forum Social Infrastructure is for $247 million in current dollars. The $336-million price tag includes anticipated inflation over the term of the contract. Forum Social Infrastructure will receive annual payments over 30 years. These payments cover design, construction, project financing and building maintenance for the South West Dentention Centre. The maintenance agreement means all building components, including the roof, windows, elevators, heating and cooling systems, will be repaired or replaced by the contractor for 30 years after construction. As part of the contract, Forum Social Infrastructure will use local labour and materials for the project. Forum Social Infrastructure includes developer Forum Equity Partners Inc, design by NORR Limited, construction by Bondfield Construction Company Limited and facilities management by Johnson Controls Inc. The financial advisor is Brookfield Financial. Forum Equity Partners Inc. and the Ontario Pension Board will provide the equity funding for the project. Construction and long-term debt financing will be provided by CIBC, BIMCOR and Canada Life. The South West Detention Centre will be built on Eighth Concession near Highway 401 and Walker Road. Construction on the 315-bed maximum security prison is expected to begin in June or July and be complete by the fall of 2013. At the peak of construction, as many as 150 workes are expected to be on the site daily. “The South West Detention Centre will be a safe and secure, cost-effective facility that will help us make the provincial correctional system more modern and economical to operate,” Jim Bradley, Minister of Community Safety and Correctional Services, said in announcing the financing of the contract today. The new prison will replace the Windsor Jail, opened in 1926. |
