Re Contract

RNS Number : 7193H

Carillion PLC

26 February 2010

 

26 February 2010

Carillion joint venture achieves financial close on Southmead Hospital Public Private Partnership (PPP) project for which Carillion will deliver £430m of construction services and £170m of facilities management and maintenance services

A Carillion joint venture has achieved financial close on the Southmead Hospital PPP project, having put in place the finances necessary to deliver the new 800-bed acute hospital, in which Carillion will invest £50 million of equity.

Carillion will use its wide range of in-house capabilities to provide a fully integrated solution, beginning with construction services worth a total of £430 million, followed by facilities management and life-cycle maintenance services worth approximately £170 million over a 30-year contract period.

Carillion has used its credentials as a leader in delivering sustainable solutions to design a state-of-the-art building, which will be the most sustainable major acute hospital in the UK, with low energy utilisation and a carbon footprint below the government target of 3.43Te CO₂ a year and a BREEAM rating of excellent.

Carillion chief executive John McDonough said: "Achieving financial close only some two months after being appointed as the preferred bidder for this project reflects the close working relationship that we have established with the North Bristol NHS Trust, as well as the Group's ability to provide a fully integrated solution for a state-of-the-art hospital, designed to the highest standards of sustainability.

"Carillion has financially closed over 50 PPP projects in the UK and Canada, including 19 hospitals and other healthcare facilities, and the new Southmead Hospital project will be our largest PPP hospital to date. We look forward to working with the North Bristol NHS Trust to provide a hospital that will enable the Trust to deliver first-class healthcare services to the region."

The new hospital, which includes an integrated 28-bed community hospital, will concentrate acute services currently provided at Southmead and Frenchay hospitals on to a single site at Southmead in North Bristol. Advanced construction work started in August last year, with the hospital due to open in early 2014. Carillion will also provide a fully landscaped site after removing the existing outdated buildings

For further information contact

John Denning Director Group Corporate Affairs                                             [phone]

Finsbury

James Murgatroyd                                                                                    [phone]

Gordon Simpson                                                             

Notes to editors

The special purpose company that has been awarded the concession contract for this project is a 50:50 joint venture between Carillion and Uberior Infrastructure Investments (No.4), part of the Lloyds Banking Group.

BREEAM is the BRE Environmental Assessment Method.

Carillion is the UK's leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean.

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

This and other Carillion news releases can be found at www.carillionplc.com

Photographs

High resolution photographs are available free of charge to the media at www.newscast.co.uk telephone [phone]

 

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