Public-private partnership for a new central utility plant to enable future clinical growth

Project Highlights

  • Gain access to “off-balance sheet” capital for assets estimated at over $200M

  • UK Healthcare is forced to turn away an average of 15 patients per day, nearly 5,500 per year, due to lack of capacity in existing healthcare facilities. This project is critical in addressing the current capacity shortfalls by providing essential heating and cooling infrastructure for the Chandler Hospital Expansion

  • The CUP will achieve commercial operation in 2028 and the Chandler Expansion is scheduled to open in 2029

Client:
University of Kentucky and UK Healthcare

Solutions:
Energy public-private partnership owner's advisory services

B&D supported the procurement process by crafting RFPs, organizing responses, interviewing teams, and determining partner preferences based on the university’s guiding principles. Our project teams facilitated discussions with legal, technical, and financial experts to arrive at mutually agreeable contracts between the university and the private partner, ensuring that the attributes of the CUP supported the university’s strategic priorities and long-term vision.