On July 18, 2008 ISL Health (Victoria) General Partnership ('ISL') entered into the project agreement (the 'Project Agreement') with the Vancouver Island Health Authority ('VIHA') and achieved financial close in respect of the Royal Jubilee Hospital project, a Design, Build, Finance, and Maintain ('DBFM') Public Private Partnership ('P3') for a new 500 bed inpatient accommodation building (the 'Facility')to be located on the campus of the existing Royal Jubilee Hospital located in Victoria, British Columbia (the 'Project'). The Project Agreement requires ISL to design, build and finance the Facility and maintain it and provide facilities management services for a period of 30 years from service commencement.

The design-build obligations under the Project Agreement will be performed by a joint venture between Acciona Infrastructure (Canada) Inc. and Lark Projects (2004) Limited .

Hard FM services will be provided by ACML Management Western Limited while Soft FM services will be provided by Acciona Facility Services S.A.U.

The $206,000,000 financing for the Project was provided by Dexia Crédit Local S.A. and Depfa Bank plc .

Acciona Infrastructure ( Canada ) Inc. was represented by Borden Ladner Gervais LLP with a team comprised of Douglas Sanders, Sean Muggah, Jennifer Archer and Chris Eagles, and Lark Projects (2004) Limited was represented by Lynn Ramsay of Miller Thomson LLP.