Contractor was left as the sole bidder after an Interserve-Laing O’Rourke joint venture dropped out
Carillion has reached financial close on its £430m Midland Metropolitan Hospital project in Birmingham.
Carillion was left as the sole bidder for the PF2 hospital over the summer after the other shortlisted consortium, Laing O’Rourke-Interserve, dropped out of the bidding race in April.
Under the PF2 model, Carillion will deliver the hospital for Sandwell and West Birmingham Hospitals NHS Trust under a 30-year concession contract.
The hospital will have approximately 670 beds and 15 operating theatre suites.
Richard Howson, Carillion chief executive, said: “We are delighted to have achieved financial close on this important new hospital. Carillion has delivered over 60 Public Private Partnership projects including more than 20 healthcare projects, making us a global leader in the PPP market.
“We will use this experience and our commitment to working closely with the Sandwell and West Birmingham Hospitals NHS Trust to deliver a state-of-the-art hospital that will support the Trust in delivering significant improvements in healthcare services for the people of Sandwell and West Birmingham.”
Financial close is expected around the end of 2015, with construction starting early in 2016. Completion is scheduled for mid-2018, with the hospital opening later that year.