Carillion PLC Re Contract (6244V)
August 11 2015 - 2:00AM
UK Regulatory
TIDMCLLN
RNS Number : 6244V
Carillion PLC
11 August 2015
11 August 2015
Carillion is preferred bidder for Midland Metropolitan Hospital
Public Private Partnership project - over GBP430 million of
construction and support services revenue plus an equity investment
of GBP16 million
A Carillion Joint Venture, The Hospital Company, has been
selected as the preferred bidder by the Sandwell and West
Birmingham Hospitals NHS Trust to deliver the new Midland
Metropolitan Hospital as a Public Private Partnership under a
30-year concession contract using the UK Government's PF2
model.
The new state-of the-art hospital, which will have around 670
beds and 15 operating theatre suites, has been designed to meet the
best international and national standards to make it truly patient
focussed and to support the efficient delivery of high-quality
clinical services. The new hospital will also have a number of
innovative design features including a fully enclosed Winter
Garden, car parking within the hospital building on the ground and
first floors to create a secure environment for both patients and
staff and full separation of clinical activities and journeys from
the public and non-clinical services. In addition, the design and
construction of the hospital will meet the highest standards of
sustainability.
Carillion expects to invest some GBP16 million of equity in the
project, which will be built by Carillion at a capital cost of
GBP297 million. Hard facilities management and life-cycle
maintenance services will also be delivered by Carillion and these
services are expected to generate approximately GBP140 million of
revenue over the life of the concession contract.
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 in late 2018.
As the leading provider of apprenticeships and training in its
sector, Carillion will use this project as a further opportunity to
provide training and apprenticeship opportunities as well
maximising the use of local suppliers.
Commenting, Carillion Chief Executive, Richard Howson, said: "We
are delighted to have been selected as the preferred bidder for
this important new hospital. Carillion has delivered over 60 Public
Private Partnership projects, including more than 20 healthcare
projects, and this latest success reinforces our position as a
leader in the PPP market. We look forward to working with the
Sandwell and West Birmingham Hospitals NHS Trust to deliver a
state-of-the-art facility that will enable the Trust to achieve its
objectives for delivering significant improvements in healthcare
services for the people of Sandwell and West Birmingham".
Notes to Editors
Carillion is a leading integrated support services company with
a substantial portfolio of Public Private Partnership projects and
extensive construction capabilities. The Group had annual revenue
in 2014 of some GBP4.1 billion, employs around 42,000 people and
operates across the UK, in the Middle East and Canada.
The Group has four business segments:
Support services - this includes facilities management,
facilities services, energy services, utility services, road
maintenance, rail services and consultancy businesses in the UK,
Canada and the Middle East.
Public Private Partnership (PPP) projects - this includes
investing activities in PPP projects for Government buildings and
infrastructure, mainly in the Defence, Health, Education, Transport
and Secure accommodation sectors.
Middle East construction services - this includes building and
civil engineering activities in the Middle East.
Construction services (excluding the Middle East) - this
includes building, civil engineering and developments activities in
the UK and construction activities in Canada.
This and other Carillion news releases can be found at
www.carillionplc.com
For more information
John Denning, Director Group Corporate Affairs, Carillion plc
+44 (0) 1902 906333
Finsbury
James Murgatroyd or Gordon Simpson +44 (0) 207 2513801
This information is provided by RNS
The company news service from the London Stock Exchange
END
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