The Victorian Government has provided up to $1.5 billion to deliver the new Footscray Hospital – the largest health infrastructure investment in the state. With an increase of nearly 200 beds, the new hospital will treat approximately 15,000 additional patients and enable around 20,000 additional people to be seen by the emergency department each year.
Prior to contract close, North acted as the Lenders Technical Advisor for one of the shortlisted consortiums. This experience provided invaluable insight into key considerations, risks and opportunities from contractors, FM providers, equity investors and financiers. The Lenders Technical Advisory process ensures that exceptional built, precinct, and urban design outcomes are safeguarded throughout the development at the core of major public projects.
North is currently acting as Independent Reviewer and Sub-Independent Reviewer on behalf of the State and Plenary Health, providing assurance and support in delivering this major health PPP over the next 4.5 years.
State/Western Health and Plenary Health
Lenders Technical Advisory, Independent and Sub-Independent Reviewer