Our projects drive significant structural and operational changes, helping hospitals to provide more contemporary models of health care.
But investment in health capital doesn’t just meant better services and nicer precincts. It also means more jobs, more opportunities for local businesses, better partnerships with health care providers and educators and overall healthier communities.
Creating jobs and supporting the economy
Everyone loves numbers. And we’re very proud of ours. As at June 2018, approximately 58,000 full time jobs have been created across Health Infrastructure’s portfolio*. And the majority of these have been jobs within the community.
In fact, our contractors are required to meet or exceed minimum targets for local jobs. We also have targets for training and apprenticeships, opportunities for women in construction and programs designed to boost Aboriginal employment.
You can see these initiatives in action right across our portfolio of regional and rural projects. The numbers speak for themselves!
The Gosford Hospital Redevelopment project, for example, employed more than 100 Aboriginal and Torres Strait Islanders; the Tamworth Hospital Redevelopment created an initial 622 full time construction jobs and over 1,163 additional jobs throughout the project; Stage 1 and 2 of the Wagga Wagga Base Hospital Redevelopment injected $94 million into the regional construction industry and a further $172 million in flow-on economic activity.
*Job numbers have been calculated using a NSW Treasury multiplier of 10 jobs for every $1m expenditure per annum, including 4 FTE direct annual jobs and 6 FTE production induced annual jobs.
A new report shows health projects like the $240 million Dubbo Hospital redevelopment are not only delivering world-class healthcare, they’re boosting regional economies across NSW.
Please read the report from the Regional Australia Institute here
Partnerships in education
Many contemporary hospitals are being reshaped into integrated precincts of medicine, research and education. The $720 million Randwick Campus Redevelopmentwill physically connect the hospital to the University of New South Wales. At Westmead, the University of Sydney and the University of Western Sydney will both have campuses onsite and the Liverpool Health and Academic Precinct is being reimagined with input from partners including the University of Wollongong and TAFE NSW.
Embedding research and education within clinical areas will support a new level of collaboration between medical professionals and the next crop of doctors, researchers, surgeons, nurses and clinicians.
To see what else we are achieving across our portfolio, check out our project profiles.
RAI Summary Report