Carillion has announced it has reached financial close on the £335m Royal Liverpool Hospitals PPP Project, which includes the delivery of non-clinical support services.
Carillion, who are also on board to construct the £335m, 646-bed hospital for the Royal Liverpool and Broadgreen University Hospitals NHS Trust, will invest £15.5m worth of equity in the project, alongside Scottish Widows Investment Partnership, who will invest a similar amount. The deal is expected to generate approximately £200 million of revenue over the 30-year contract. The non-clinical support services, which Carillion will be in charge of will be worth aroung £100m over the duration of the contract.
The new hospital will be the largest in the UK and will be built next to the existing hospital which will be demolished once services have been transferred.
Work is scheduled to start in early 2014 with the project due for completion in 2017.
Carillion added that a world class Liverpool BioCampus will be built where the current hospital stands. This is expected to play a key part in transforming the area and regenerating the Knowledge Quarter of the City.