Carillion Plc (CLLN.L) has been selected by the Royal Liverpool and Broadgreen University Hospitals Trust to deliver the new Royal Liverpool University Hospital Public Private Partnership or PPP project, the capital cost of which would be around 335 million pounds.
Further, Carillion would deliver support services for the new hospital from which it expects to generate revenue of nearly 80 million pounds over the life of the 30-year concession contract. Also, Carillion expects to invest some 24 million pounds of equity in the project.
Work on site is about to begin shortly after the project reaches financial close, which is expected in January 2014, with completion slated for 2017. The new hospital would be constructed next to the existing hospital, which would be demolished once services have been transferred. According to Carillion, the new hospital would be the largest in the country with 646 beds, including a 40-bed Critical Care Unit, 18 operating theatres and one of the largest emergency departments in the North West.
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