Carillion has been selected by the Royal Liverpool and Broadgreen University Hospitals Trust to deliver the new Royal Liverpool University Hospital Public Private Partnership (PPP) project. The capital cost of the project will be £335 million.

Carillion will also deliver support services for the new hospital from which it expects to generate approximately £80 million of revenue over the life of the 30-year concession contract. Carillion also expects to invest some £24 million of equity in the project.

Financial close for the project is expected in January 2014, with completion scheduled for 2017. The new hospital will be built next to the existing hospital, which will be demolished once services have been transferred.

The new hospital will be the largest in the UK with 646 beds, including a 40-bed Critical Care Unit, 18 operating theatres and one of the largest emergency departments in the North West. The new hospital will also have an underground car park for patients and visitors, and buses will come onto the site, providing better and easier access to the hospital.

Carillion beat the Horizon consortium composed of Interserve, John Laing and FCC Construcción.

Source: Carillion