15th Dec 2005 07:00
Carillion PLC15 December 2005 15 December 2005 Carillion will reach financial close on major new PPP hospital development inPortsmouth worth over £1.1 billion Support services and construction company Carillion is scheduled to reachfinancial close today on the new Queen Alexandra Public Private Partnership(PPP) project - one of the largest hospital projects to date in the UK - for thePortsmouth Hospitals NHS Trust. Carillion, in a 50-50 joint venture with The Royal Bank of Scotland, willfinance and build the 1,200-bed acute hospital, which will incorporate acutetreatment facilities from three current locations in Portsmouth. In addition to the initial construction work, Carillion will also providefacilities management and maintenance services for the hospital over the courseof the 35-year concession period, generating in total over £1 billion ofturnover for the company. Commenting, Carillion chief executive John McDonough said, "Health is one of ourkey growth sectors and this new hospital is part of a major procurementprogramme of PPP hospitals that underpins the Government's commitment toimproving patient services through working with the private sector to delivertotal healthcare solutions. "Queen Alexandra Portsmouth is our ninth PPP hospital and financial closerepresents a further significant step in consolidating Carillion's position as aleader in the PPP Health sector." Note to editors Carillion is one of the UK's leading support services and construction companieswith extensive healthcare and PFI experience. As a FTSE 250 company with aturnover of around £2 billion and over 19,000 employees, the Group delivershigh-quality, cost effective and sustainable solutions using its wide range ofskills and resources. Carillion's key target markets are health, transport (roadand rail infrastructure), building, facilities management and support servicesfor public and private sector customers. Carillion already has a significant presence in the health market through PFIhospital developments and FM services. To date, Carillion has signed eight PPPhospital projects, as well as one NHS LIFT project, providing construction andfacilities management. For further information:John Denning - Director of Corporate Affairs 01902 316384 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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