Carillion closes Southmead Hospital PPP contract

26th Feb 2010 07:58

Support services company Carillion said its joint venture has achieved financial close on the Southmead Hospital PPP project, having put in place the finances necessary to deliver the new 800-bed acute hospital, in which Carillion will invest £50m. Carillion will begin with construction services worth a total of £430m, followed by facilities management and life-cycle maintenance services worth about £170m over a 30-year contract period. 'Achieving financial close only some two months after being appointed as the preferred bidder for this project reflects the close working relationship that we have established with the North Bristol NHS Trust, as well as the Group's ability to provide a fully integrated solution for a state-of-the-art hospital, designed to the highest standards of sustainability,' said chief executive John McDonough. 'Carillion has financially closed over 50 PPP projects in the UK and Canada, including 19 hospitals and other healthcare facilities, and the new Southmead Hospital project will be our largest PPP hospital to date. We look forward to working with the North Bristol NHS Trust to provide a hospital that will enable the Trust to deliver first-class healthcare services to the region.'