Hospital project worth £153m brings contractor to round number
Construction is set to begin on Carillion's 50th PPP scheme after a £153m medical facility in Hertfordshire reached financial close.
The Surgicentre, to be built by Carillion's healthcare services specialist Clinicenta, is to sit alongside Lister Hospital in Stevenage, Hertfordshire.
![John McDonough](https://d2vhdk00tg424t.cloudfront.net/MediaLibrary/s3/ubm-library/web/t/a/x/john_mcdonough_lead.jpg)
The project will involve the construction of a £31m building, followed by a five-year support services contract worth £122m. Carillion will invest £5.6m of equity into the building of the hospital, on which construction will begin immediately.
The project marks Carillion's 50th public-private partnership project to reach financial close. Some 18 of these have been in the healthcare sector.
John McDonough, chief executive of Carillion, said: “We are delighted to have achieved financial close on this prestigious project, Carillion's 50th public private partnership project, of which 18 have been healthcare facilities with a total capital cost of around £1bn.
No comments yet