RICHMOND, B.C. – The Government of British Columbia announced June 4 the cost of the Richmond Hospital project has increased $1.1 billion from its original business plan cost to a new total of $1.959 billion.
The primary cause, a release said, is construction cost escalation related to market conditions across all sectors.
The cost will be shared by the provincial government ($1.889 billion), Vancouver Coastal Health ($30 million) and the Richmond Hospital Foundation ($40 million).
A Request for Proposals was also announced to build the new Yurkovich Family Pavilion at the hospital.
Redeveloping Richmond Hospital will add 113 more hospital beds and medical care spaces will increase throughout the hospital, the release said. Three operating rooms will be added, bringing the total to 11 and three CT scanners, an MRI and an interventional radiology room will be added to the hospital.
The RFQ process, expected to be finalized by August, will shortlist up to three qualified proponents, who will be invited to participate in the next step of the competitive selection process, the alliance development agreement (ADA) request for proposals (RFP) stage.
This stage will determine which proponent will be chosen to lead design and construction.
Following the ADA RFP process, the winning team will enter the alliance development phase with an anticipated timeline of one year. Phase two construction is expected to start in early 2026 and be complete in late 2029, the release said.
Demolition of the rotunda for phase one is expected to begin in the summer and the Park Centre is expected to be demolished starting in December. Renovations to the Milan Ilich Pavilion for the new cancer care clinic were completed in October 2023.
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