Wednesday, 19 September 2007
Tameside and Glossop PFI hospital
Balfour Beatty PLC said that its specialist healthcare concession company Consort Healthcare, in conjunction with HSBC Infrastructure Fund Management, has reached financial close on the 77 mln stg Tameside and Glossop Acute Services PFI project in Greater Manchester. The engineering, construction and services group said the project is part of the 'Northern Batch' scheme, which comprises both Tameside and the 136 mln stg project for the Salford Royal NHS Foundation Trust, which reached financial close last week. In Tameside, Consort will procure the design, construction, operation and maintenance of new buildings on the existing hospital site, under a 34-year PFI concession contract. Facilities will provide both in-patient and out-patient accommodation, theatres, children's facilities, an acute hospital development, a new facility for older people with mental health problems and other facilities. The company said the works, to be carried out by Balfour Beatty Construction, are due to start immediately with overall completion planned for 2011.