St Bartholomew’s and The Royal London
London
Project Value - £1.1bn
Project Sector - Health
About The Project
It is the UK’s largest healthcare project and the UK’s largest healthcare trust.
- Capital Hospitals’ Project Agreement required it to finance, design, develop and construct the hospitals and then maintain and deliver certain non-clinical services.
- Capital Hospitals raised the finance (via Bonds and Loans) to fund the construction of the hospitals.
- The freehold ownership of the land remains with the Trust. Licences are granted to Capital Hospitals to allow access.
- The PFI contract runs for 42 years from April 2006 (i.e. ends April 2048)
- “Global Completion” of construction was 29 March 2016.
- Capital Hospitals Ltd maintains the hospital to an agreed standard and it is to hand-back at the end of the term (Concession Period).
The St Bartholomew’s Commemorative Book is available here.
About The Project
It is the UK’s largest healthcare project and the UK’s largest healthcare trust.
- Capital Hospitals’ Project Agreement required it to finance, design, develop and construct the hospitals and then maintain and deliver certain non-clinical services.
- Capital Hospitals raised the finance (via Bonds and Loans) to fund the construction of the hospitals.
- The freehold ownership of the land remains with the Trust. Licences are granted to Capital Hospitals to allow access.
- The PFI contract runs for 42 years from April 2006 (i.e. ends April 2048)
- “Global Completion” of construction was 29 March 2016.
- Capital Hospitals Ltd maintains the hospital to an agreed standard and it is to hand-back at the end of the term (Concession Period).
The St Bartholomew’s Commemorative Book is available here.
Similar Projects
Forth Valley Hospital
£293m
The 98,115m2 Forth Valley Royal Hospital opened in July 2011 and provides 864 beds and day patient spaces.
More Information
Queen Elizabeth Hospital
£95m
The project involved the design, refurbishment and extension, financing and subsequent maintenance of the Queen Elizabeth Hospital in the Royal Borough of Greenwich. The hospital is operated by the Lewisham and Greenwich NHS Trust.
More Information
