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Carillion lands hospital boost

By Daily Mail Reporter
Updated: 04:05 EDT, 9 June 2011

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Support services firm Carillion is expecting a £390m boost to revenues after its joint venture was named the preferred bidder for a Canadian hospital contract.

Hospital Infrastructure Partners, a partnership between Carillion, Canadian building firm EllisDon and two investment vehicles, was selected to finance, design, build and maintain the Oakville Hospital.

Carillion expects to invest some £28m of equity in the project, with construction due to begin in 2015.

The company expects the contract to generate £390m in revenues over the life of the project.

Nevertheless, shares in Carillion fell 4.2p to 369.8p.

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