Page ContentOn December 16, 2009, the Centre for Addiction and Mental Health (CAMH) and Infrastructure Ontario reached Financial Close with Carillion Health Solution's CHS (CAMH) Partnership to design, build, finance and maintain the next phase of CAMH's Redevelopment Project on Queen Street West in Toronto. Financing for the CAMH project is being provided by Scotia Capital Inc., Dexia Credit Local S.A. (acting under the name Dexia Capital Markets) and Casgrain & Company Ltd. as long-term debt underwriters. Construction financing is provided by Banco Espirito Santo de Investimento, S.A., New York branch, the Bank of Nova Scotia and Dexia Credit S.A. acting through its Canada branch. Equity is being provided by Carillion Private Finance Limited and by Fengate Capital Management Ltd. on behalf of OE Infrastructure Fund. The CAMH Redevelopment Project will see the demolition of the existing CAMH administration building and construction of three new buildings. In total, over 450,000 square feet of new space will be created in this phase. The CAMH Redevelopment Project will be delivered using an Alternative Finance and Procurement model. CHS (CAMH) Partnership will receive annual payments from CAMH over a 30-year period. Payments cover construction, building maintenance, life-cycle repair and renewal, and project financing. The annual payments along with payments made at substantial completion will total approximately $551 million after 30 years (equivalent to $293 million in today's dollars). The CAMH and Infrastructure Ontario legal team were led in-house by Graham McLeod, Vice President, Project Legal and Tariq Taherbhai, Senior Legal Counsel, with Infrastructure Ontario and by Borden Ladner Gervais LLP with a team that included Richard Shaban, William McLean, Joanne Foot, Steven Iczkovitz, Morton Mitchnick, Andrew Smith and Shane Pearlman.