Portsmouth PPP scheme is one of UK's largest hospital projects

Carillion has reached financial close on a £1.1bn hospital development in Portsmouth.

The deal – one of the largest hospital projects in the UK - will see Carillion provide construction, facilities management and maintenance services for the hospital for 35 years through a public private partnership.

The deal is a 50:50 joint venture with Royal Bank of Scotland.

The Queen Alexandra project will be Carillion’s ninth PPP hospital. The 1200 bed hospital will incorporate acute treatment facilities from three locations in Portsmouth.